Freestanding Drive-Through
1200 Macarthur Drive, Alexandria, LA 71301
For Sale
New
$830,000
The tenant-occupied property includes customer parking and a drive-thru ordering window.
Property Size2,600 SF
Price / SF$319.23
Days on Market6
Property Features for 1200 Macarthur Drive
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Drive-Thru
Tenant in Place
Building Details
Building Size
Year Built
Stories
Listing Agency:
CALL THE KELONES REALTY
(318) 442-9890
Listed By:
Manli Teng · License #995716767
(318) 730-8071
Source:
Bradfergusonrealestate
Added: Nov 4
Last Checked: Nov 8 at 2:20AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant building contains 2,600 square feet and is occupied by a tenant. A drive-thru ordering window and more than 20 parking spaces are among its operating features. Three new A/C units serve the building, which was constructed in 1990.
At 1200 Macarthur Drive in Alexandria, the property is situated between two hospitals in Central Louisiana. It is zoned C-2.
At 1200 Macarthur Drive in Alexandria, the property is situated between two hospitals in Central Louisiana. It is zoned C-2.
Key Highlights
- 2,600‑square‑foot freestanding restaurant building
- Drive‑thru ordering window
- More than 20 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,733
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The tenant-occupied property includes customer parking and a drive-thru ordering window.
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: 2,600‑square‑foot freestanding restaurant building; Drive‑thru ordering window; More than 20 parking spaces
