The Mighty Crab Single Tenant Restaurant Offering

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to The Mighty Crab, (the “Property”) in Bossier City, located in the northwest region of Louisiana. The Mighty Crab opened in 2022 after fully renovating the interior and exterior facade of the building. Mighty Crab signed a ten (10) year NNN lease which includes a ten percent (10%) rental increase in August 2027 and in each of the two five-year option periods. The NNN lease requires the Tenant to pay taxes, insurance, operating expenses, while maintaining the leased premises, including roof and structure, tremendously limiting the Landlord responsibilities. The Mighty Crab has excellent visibility as it is located just over a quarter (0.25) mile from the Exit 22 off Interstate 20, a major east-west highway that boasts 71,593 VPD. The Mighty Crab currently sits as an outparcel to the 650,000 square foot, Pierre Bossier Mall along U.S. Route 79/East Texas Street (12,163 VPD) and adjacent to LA-3105/Airline Drive (29,056 VPD). U.S. Route 79/East Texas Street (12,163 VPD) and LA-3105/Airline Drive (29,056 VPD) are major thoroughfares in the active retail corridor. The Mighty Crab is situated just two (2) miles away from the 500,000 square foot, Louisiana Boardwalk Outlets which Placer.ai ranks as the top factory outlet center in the state of Louisiana and in the 75th percentile of factory outlets in the country. The Outlets feature a plethora of national tenants including Nike, Under Armour, Levi’s Bath & Body Works, Express, Bass Pro Shops, Regal Cinemas, Hooters, IHOP, Dollar Tree, and much more. Additionally, adjacent to the Louisiana Boardwalk Outlets are some of the top ranked casinos in the country. Horseshoe Casino (part of Caesars Entertainment) and Margaritaville Resort Casino (part of VICI Properties) both rank in the 96th percentile and above with over a million visitors each year according to Placer.ai out of over 5,300 casinos that were ranked. Bossier City is the second most populous city in the Shreveport-Bossier City MSA. As a tourism and gambling hub flooded with numerous hotels and casinos, the Shreveport-Bossier City MSA brings in nearly 8.5 million people annually. In addition to the surrounding retailers at the J.C. Penney & Dillard’s anchored Pierre Bossier Mall, The Mighty Crab is surrounded by a host of nearby, national retailers along U.S. Route 79/East Texas Street (12,163 VPD) such as: Big Lots, CVS, Regions Bank, Office Depot, Harbor Freight Tools, Ollie’s Bargain Outlet, Firestone, Pep Boys, O’Reilly Auto Parts, Family Dollar, ACE Hardware, Rent-A-Center, Bath & Body Works, Circle K, Quik Trip, Enterprise Rent-A-Car, T-Mobile, The UPS Store, Starbucks, Chili’s, Red Lobster, Arby’s, Taco Bell, Burger King, Subway, Sonic, Zaxby’s, Edible Arrangements, and Smoothie King. The Mighty Crab opened its first location in Jackson, Mississippi just over four (4) years ago. Since then, the family-owned, Cajun-style seafood restaurant has remarkably expanded its footprint to eleven (11) restaurants in five (5) states, including Arkansas, Texas, Louisiana and even up into the New York Metro area, serving up traditional Cajun Seafood in growing markets throughout the country. The restaurant offers make-your-own seafood combos that include any two of blue crab, shrimp, snow crab or king crab legs, crawfish, lobster tails, clams, dungeness crab and more.