North Airline Animal Hospital - Bossier City LA
5495 Airline Drive,
Bossier City, Louisiana 71111
- Price: $2,662,000
- Cap Rate: 7.00%
- Years Remaining: 5+
- Rentable Area: 6,000 SF
Innovetive Petcare - North Airline Animal Hospital - Bossier City LA
Investment Highlights
- Sales Price: $2,662,000
- Cap Rate: 7.00%
- Years Remaining: 5+
- Lot Size: 0.89 Acres
- Market: Bossier City
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, North Airline Animal Hospital investment property located in Bossier City, Louisiana. The Tenant, Innovetive Petcare, has almost 6 years remaining in their initial term with 5 (five) 3-year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Innovetive Petcare partners with veterinary practices across the U.S., handling the business side of running a hospital so vets can focus on caring for animals. Based in Austin, Texas, the company has grown to dozens of clinics nationwide since it was founded in 2015.
Location
North Airline Animal Hospital is strategically located on Airline Drive. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Airline Drive. It shares this busy Bossier City area with businesses like O’Reilly, Taco Bell, Dollar General, Circle K and Anytime Fitness. The location benefits from the frequent street traffic of Airline Drive, which sees 14,489 vehicles daily. The 5-mile trade area is supported by a population of 32,926 and 6,772 daytime employees with an average household income of $139,342.
