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MURPHY USA 100 Benton Spur

2,824 SF Retail Building Bossier City, LA 71111 $2,000,000 ($708/SF) 5.75% Cap Rate

Investment Highlights

  • Brand new 2025 construction with an estimated rent commencement of February 2025.
  • Attractive 8% rental increases every 5 years for the life of the lease Corporately guaranteed lease (S&P rated BB+).
  • Traffic counts at the intersection exceed ±36,400 vehicles daily.
  • 20-Year Absolute NNN ground lease with zero management responsibilities.
  • Located at the hard signalized corner of Benton Spur & Old Minden Rd.
  • Strong retail corridor with many nation tenants such as such as Texas Roadhouse, O’Reilly’s, McDonalds, Whataburger and more.

Executive Summary

Broker of Record
Donnie Jarreau
License No. BROK.995704351-CORP (LA)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,824 SF
Building Class
C
Year Built
2024
Price
$2,000,000
Price Per SF
$708
Cap Rate
5.75%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
1.51 AC
Zoning
Commercial
Parking
10 Spaces (3.54 Spaces per 1,000 SF Leased)
Frontage
310 FT on Benton Spur Rd

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signalized Intersection

Nearby Major Retailers

Denny's
Posados Cafe
Pancho's Mexican Buffet
Waffle House
Texas Roadhouse
Outback Steakhouse
Sam's Southern Eatery
Planet Fitness
Regions Bank
Chili's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
127405
Land Assessment
$42,250
Improvements Assessment
$25,105
Total Assessment
$67,355
  • Listing ID: 33513609

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 100 Benton Spur, Bossier City, LA 71111

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