Drive-Through Restaurant
For Sale
$830,000
1200 MACARTHUR Drive, Alexandria, LA 71301
Tenant-occupied standalone restaurant with customer parking, a dedicated ordering window, and recently installed air-conditioning equipment.
Property Size2,600 SF
Price / SF$319.23
Days on Market11
Property Features for 1200 MACARTHUR Drive
General Information
Standard status
Active
Size
2,600 SF
Property subtype
General Commercial
Additional Details
Drive-Thru
Yes
Amenities
3
Parking.
Lot.
Rectangular
149 x 149 x 151 x 151
Rectangular.
Building Details
Year Built
1990
Buildings
1
Stories
1
Listing Agency:
CALL THE KELONES REALTY
(318) 730-8071
Listed By:
Manli Teng · License #995716767
(318) 730-8071
Source:
Xome
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CALL THE KELONES REALTY
Investment Insights
Based on property information with market context.
This standalone restaurant property contains 2,600 square feet and is currently occupied by a tenant. The building includes a drive-through ordering window, more than 20 parking spaces, and three new A/C units. Built in 1990, the property is configured for restaurant use with on-site customer and staff parking.
The property is located on MacArthur Drive in Alexandria, Louisiana, in Central Louisiana between two large hospitals. Its setting provides direct exposure along the roadway, while the drive-through and parking arrangement support convenient customer access.
The property is located on MacArthur Drive in Alexandria, Louisiana, in Central Louisiana between two large hospitals. Its setting provides direct exposure along the roadway, while the drive-through and parking arrangement support convenient customer access.
Key Highlights
- Tenant‑occupied standalone restaurant building
- 2,600 square feet of building area
- Drive‑through ordering window
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,733
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,660
$634.7K
Cap Rate 7%
$453,329
$453.3K
Cap Rate 9%
$352,589
$352.6K
Market Conditions
NOI Build-Up for 2,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.3K $17.04/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$42.3K $16.27/SF
− OpEx
−$10.6K −$4.07/SF
NOI
$31.7K $12.20/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,660
Cap Rate 7%
$453,329
Cap Rate 9%
$352,589
Alternative Uses
Best Use
Specialty Retail
$453.3K
$396.7K – $528.9K
NOI $31,733 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.7K
$627.1K – $836.2K
NOI $50,170 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
400k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 22%
Groceries 13%
Apparel 11%
Kroger
Groceries
51,033 visits/mo
0.5 miles
Texas Roadhouse
Dining
44,153 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
37,057 visits/mo
0.2 miles
Chick-fil-A
Dining
34,096 visits/mo
0.3 miles
Burlington
Apparel
29,561 visits/mo
0.5 miles
Demographics for 71301, LA
20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Tenant-occupied standalone restaurant with customer parking, a dedicated ordering window, and recently installed air-conditioning equipment.
Where is this drive through restaurant located?
The property is located at 1200 MACARTHUR Drive Alexandria, LA.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Tenant‑occupied standalone restaurant building; 2,600 square feet of building area; Drive‑through ordering window
