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Azalea Center 2171-2716 Airline Dr

20,736 SF 98% Leased Retail Building Bossier City, LA 71111 £1,958,552 (£94/SF) 7.90% Net Initial Yield

Investment Highlights

  • Great Investment Property with Active Tenant!
  • Surrounded by Several Stores and Restaurants!
  • Located on Busline on Airline Drive.

Executive Summary

Azalea Center is composed of national and regional tenants such as Packages Plus, Escape SBC, FitBody Boot Camp, Bakery Lore, Game XChange, and Your CBD Store.
Azalea Center also has high-view signage and immediate frontage that allows for excellent access and visibility.
The Center is conveniently located in a vibrant area near Interstate 20 and Interstate 220, surrounded by neighboring businesses, offices, medical facilities, restaurants, and more.
Additionally, the area has a strong residential presence with low crime rate and high economic growth rates.

Attachments

Azalea Center M4P_2024_05.02

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
20,736 SF
Building Class
B
Year Built/Renovated
1985/2019
Price
£1,958,552
Price Per SF
£94
Net Initial Yield
7.90%
NOI
£154,726
Percent Leased
98%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.27
Land Acres
1.74 AC
Zoning
B3 - General Business
Parking
100 Spaces (4.82 Spaces per 1,000 SF Leased)
Frontage
237 ft on Airline Dr

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Signage
  • Roof Lights

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 439 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 439 SF Office/Retail - Now

1st Floor

Size
439 SF
Space Use
Office/Retail
Position
-
Available
Now
1 of 1

Nearby Major Retailers

Fit Body Boot Camp
Jpmorgan Chase & And Co
Capital One
Five Guys
PJ's Coffee Of New Orleans
Applebee's
Rent-A-Center
Regions Bank
Starbucks
Kroger

PROPERTY TAXES

Parcel Numbers
Multiple
  • 123788
  • 129562
 Improvements Assessment £81,513
Land Assessment £56,514 Total Assessment £138,027

PROPERTY TAXES

Parcel Numbers
Multiple
  • 123788
  • 129562
Land Assessment
£56,514
Improvements Assessment
£81,513
Total Assessment
£138,027
(318) 222-8700

  • Listing ID: 31716015

  • Date on Market: 06/05/2024

  • Last Updated:

  • Address: 2171-2716 Airline Dr, Bossier City, LA 71111

The Retail Property at 2171-2716 Airline Dr, Bossier City, LA 71111 is currently available For Sale. Contact Sealy Real Estate Services, LLC for more information.

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2171-2716 Airline Dr, Bossier City, LA for sale Building Photo- Image 1 of 7
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© 2024 CoStar Group

Azalea Center | 2171-2716 Airline Dr
(318) 222-8700 x

Azalea Center | 2171-2716 Airline Dr

Joseph Fleming

(318) 222-8700

(318) 222-8700

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