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Albertsons: Alexandria, LA 2265 S Macarthur Dr 62,117 SF Retail Building Alexandria, LA 71301 $11,283,221 CAD ($181.64 CAD/SF) 9.50% Cap Rate
Investment Highlights
- Absolute NNN lease features ±4.7 years of term remaining with six, 5-year renewal options.
- Feet from the 869,000+ SF Alexandria Mall, which features Dillard’s, JCPenney, Hibbett and Michaels.
- Anchors a shopping center that is also home to Planet Fitness, Chili’s Grill & Bar, Wingstop, GameStop, Crumbl, and Tropical Smoothie Cafe.
Executive Summary
Albertsons is situated along South MacArthur Drive (2,951 VPD), which runs parallel with US Highway 71 (34,988 VPD). Interstate 49 (43,294 VPD) is less than 2 miles from the site. Albertsons’ absolute NNN lease features ±4.7 years of term remaining with six, 5-year renewal options. The property anchors a shopping center that is also home to Planet Fitness, Chili’s Grill & Bar, Wingstop, GameStop, Crumbl, and Tropical Smoothie Cafe. Albertsons is feet from the 869,000+ SF Alexandria Mall, which features Dillard’s, JCPenney, Hibbett, Michaels and Sears Appliance Repair, and drives significant traffic towards the site. In total, there are 6.1 MSF of retail, 1.7 MSF of office, 3.2 MSF of industrial, 4,750 multifamily units, and 1,900+ hotel rooms within a 5-mile radius. Major retailers in the surrounding area include Walmart Supercenter, Sam’s Club, Target, Home Depot, Lowe’s Home Improvement, Hobby Lobby, Best Buy, PetSmart, Marshalls, Boot Barn, Old Navy, Ross Dress for Less, and Academy Sports + Outdoors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
62,117 SF
Building Class
C
Year Built
1990
Price
$11,283,221 CAD
Price Per SF
$181.64 CAD
Cap Rate
9.50%
NOI
$1,071,906 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
4.80 AC
Zoning
commercial
Parking
302 Spaces (4.86 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-051-00173-0001 | Improvements Assessment | $913,039 CAD |
| Land Assessment | $0 CAD | Total Assessment | $913,039 CAD |
Property Taxes
Parcel Number
24-051-00173-0001
Land Assessment
$0 CAD
Improvements Assessment
$913,039 CAD
Total Assessment
$913,039 CAD
Contacts
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Abby Kelly -
Leah Lindell -
Kaitlyn Wolf -
Katie Goldberg -
Jake Loach -
CBRE
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Albertsons: Alexandria, LA | 2265 S Macarthur Dr
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