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Classic Auction - Retail

Chevron - NNN Service Station: +/- 19 Year Term

3818 Industrial Drive, Bossier City, LA 71112

ClosedMarch 17th, 2021
This asset was part of the February 24th 2021 sale event, resulting in a successful transaction that closed in just 21 days.

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  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 1.00 Acres
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Jan 01, 2021
  • Anchor
  • No

Chevron - NNN Service Station: +/- 19 Year Term

Virtual Tour: https://fusion.realtourvision.com/394081

Investment Highlights

  • ±19 Years Remaining on a Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Well-positioned adjacent to I-20 off ramp with 59,480 vehicles per day passing the property
  • Corporate lease backed by a company with assets of approximately $250,000,000
  • Strategically Positioned on LA Hwy 782-2 within busy commercial corridor between I-20 and I-220
  • Compelling 2020 demographics of ±90,575 residents with average household income of ±$62,638 within a 5-mile radius
  • Additional federal tax benefits allow investors accelerated depreciation to immediately write off up to 80-90% of gas station and c-store asset value
 

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present Chevron Bossier City located at 3818 Industrial Drive adjacent to I-20 in Bossier City, Louisiana. Strategically positioned in the submarket, this offering consists of the fee simple ownership of a stabilized gas station with ±19 years remaining on an NNN lease.

The Property consists of a ±3,842 SF C-store with well-maintained canopies that extend over the property's 12 fuel pumps across 1.4 acres of land. The Property is fully leased and operating currently as a Chevron gas station and convenience store on an NNN-lease through May 1, 2040 with annual contractual increases and four 5-year options to extend. The Property has (4) USTs consisting of one 12,000-gallon tank, two 10,000-gallon tanks and one 20,000-gallon tank. The Property has 27 parking spaces and benefits from having a separate canopy and pumps for larger commercial trucks.

The Property is positioned at I-10 (exit 23) with traffic counts of ±16,772 VPD on Industrial Drive and ±42,708 VPD on I-20. The Property enjoys pylon visibility from both directions of I-20 in a dense retail corridor adjacent to several hotels and restaurants including Clarion Hotel, Wendy’s, McDonalds, Savannah Grand of Bossier City, Bayou Outdoor Supercenter, Economy Inn, and O’Reilly Auto Parts. The Property benefits from compelling demographics and in 2020, the Property had approximately ±90,575 individuals residing within a 5-mile radius of the property with an average household income of ±$62,638. Bossier City is located in northwestern Louisiana on the eastern bank of the Red River and sister city of Shreveport which is on the western bank of the Red River.

Rockford, AL NNN Service Station: +/- 18 Year Term also available from this seller

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

ClosedMarch 17th, 2021
This asset was part of the February 24th 2021 sale event, resulting in a successful transaction that closed in just 21 days.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 1983 Co: AB-424