Bossier City LA- Chase Bank

Description:

Opportunity to convert Gross Leases to NNN
Below-market rents for both Chase ($16/ft) and Office ($10/ft)
Long-Term Historical Occupancy - Chase has been here since 2007 and SGB Architects since 2009
Inflation Protection – Rent is scheduled to increase ~10% in 2027, and to Fair Market Rate each option period
Larger Regional Hub location for Chase
This branch has roughly $200 million in deposits per the FDIC
Investment Grade Tenant – Chase Bank is rated AA- Stable by S&P, Aa2 Stable by Moody’sDensely Populated and Affluent Trade Area – Approximately 100,000 residents within 5 miles with an average household income over $82,800, projected to increase to $90,314 by 2030
Offered at $167 PSF - below replacement cost

High Traffic / Excellent Visibility – Located at the signalized intersection of Airline Drive and Old Minden Road with a combined 53,075 cars passing the site every day
½ mile south of Pierre Bossier Mall, a 650,000 SF shopping mall serving the greater Shreveport/Bossier City area, anchored by Dillard’s & JCPenney
½ mile west of Barksdale Air Force Base, a top employer regionally, and home to approximately 15,000 active-duty members, reservists, family members and civilian employees
4 miles east of Downtown Shreveport