Log In/Sign Up
Your email has been sent.
1898A Airline Dr
Bossier City, LA 71112
Valvoline Instant Oil Change & Sweet Glaze · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Valvoline - 10 year primary term with four, 5-yr renewal options. 1.5% annual rent increases throughout remainder of term including renewal options
- Valvoline responsible for 0.422 acre portion of the entire tract
- Sweet Glaze pays NNN for their 1,520 SF space
- Zero landlord responsibilities - Corporate lease with Valvoline, Inc.
- Sweet Glaze Donuts recently sign 5-year renwal option
- Landlord responsible for (subject to tenant reimbursement) for building, liability insurance, and common area maintenance for their portion of parcel
EXECUTIVE SUMMARY
Stirling Investment Advisors is pleased to present for sale a two-tenant building in Bossier City, Louisiana. Anchored by Valvoline Instant Oil Change, this property is located on a highly trafficked corner of Old Minden Road and Airline Drive, less than a half-mile from Interstate 20.
Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the company’s heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume.
It operates and franchises approximately 1,400 quick-lube locations, and it is the No. 2 chain by the number of stores in the United States under the Valvoline Instant Oil ChangeSM brand and the No. 3 chain by the number of stores in Canada under the Valvoline Great Canadian Oil Change brand. It also markets Valvoline lubricants and automotive chemicals, including the Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles; Valvoline Advanced Full Synthetic motor oil; Valvoline Premium Blue™ heavy-duty motor oil; Valvoline Multi-Vehicle Automatic Transmission Fluid; and Zerex™ antifreeze.
Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the company’s heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume.
It operates and franchises approximately 1,400 quick-lube locations, and it is the No. 2 chain by the number of stores in the United States under the Valvoline Instant Oil ChangeSM brand and the No. 3 chain by the number of stores in Canada under the Valvoline Great Canadian Oil Change brand. It also markets Valvoline lubricants and automotive chemicals, including the Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles; Valvoline Advanced Full Synthetic motor oil; Valvoline Premium Blue™ heavy-duty motor oil; Valvoline Multi-Vehicle Automatic Transmission Fluid; and Zerex™ antifreeze.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,660 SF
Building Class
C
Year Built
1999
Price
$1,545,919 CAD
Price Per SF
$331.74 CAD
Cap Rate
7.05%
NOI
$109,025 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.77 AC
Zoning
C-2 - Commercial
Parking
8 Spaces (1.72 Spaces per 1,000 SF Leased)
Frontage
212’ on Airline Dr
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 139025 | Improvements Assessment | $48,189 CAD |
| Land Assessment | $38,308 CAD | Total Assessment | $86,497 CAD |
PROPERTY TAXES
Parcel Number
139025
Land Assessment
$38,308 CAD
Improvements Assessment
$48,189 CAD
Total Assessment
$86,497 CAD
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
