Restaurant Building with
New
For Sale
Contact for pricing
20 MACARTHUR DR, Alexandria, LA 71303
Restaurant facility with dining, bar, outdoor seating, commercial kitchen, and separate pickup windows.
Property Size7,904 SF
Price / SF$183.45
Days on Market5
Property Features for 20 MACARTHUR DR
General Information
Standard status
Active
Size
7,904 SF
Property subtype
Retail, Hospitality
Site & Location
Drive-Thru
Yes
Road Access
Yes
Restaurant
Commercial Hood
Yes
Patio
Yes
Listing Agency:
NAI Rampart Alexandria
Listed By:
Jack Hodges Jr · License #LA SALE.0000070147-ACT
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 18 at 3:44PM
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 NAI Rampart Alexandria
Investment Insights
Based on property information with market context.
This restaurant property includes approximately 7,904 SF, with about 6,625 SF of heated and cooled space. The interior provides a dining room, dedicated bar area, three restrooms, and a commercial kitchen with a hood system, walk-in freezer, and walk-in cooler. Space and hookups remain for a stove or range. Outdoor dining is supported by roll-up doors, while two drive-through windows accommodate pickup service.
The building has entrances from MacArthur Drive and Bayou Rapides Road. Kitchen plumbing was updated in 2022, and the property has four A/C units, including one replaced in 2023. The configuration supports restaurant operations with front-of-house dining and bar areas, staff facilities, kitchen infrastructure, and multiple customer access points.
The building has entrances from MacArthur Drive and Bayou Rapides Road. Kitchen plumbing was updated in 2022, and the property has four A/C units, including one replaced in 2023. The configuration supports restaurant operations with front-of-house dining and bar areas, staff facilities, kitchen infrastructure, and multiple customer access points.
Key Highlights
- Approximately 7,904 SF building with 6,625 SF of heated and cooled space
- Two entrances from MacArthur Drive and Bayou Rapides Road
- Dining room, dedicated bar area, outdoor dining, and three restrooms
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
$96,468
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
6.65%
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%
$1,929,360
$1.9M
Cap Rate 7%
$1,378,114
$1.4M
Cap Rate 9%
$1,071,867
$1.1M
Market Conditions
NOI Build-Up for 7,904 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
$134.7K $17.04/SF
− Vacancy
−$6.1K −$0.77/SF
EGI
$128.6K $16.27/SF
− OpEx
−$32.2K −$4.07/SF
NOI
$96.5K $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%
$1,929,360
Cap Rate 7%
$1,378,114
Cap Rate 9%
$1,071,867
Alternative Uses
Best Use
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,468 @ 7.0% cap · market cap 6.65%
Second Best
Industrial
$698.3K
$611.1K – $814.7K
NOI $48,884 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,516 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
132k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 28%
Groceries 24%
Home Improvements & Furnishings 13%
Super 1 Foods & Pharmacy
Groceries
32,061 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
16,708 visits/mo
0.2 miles
Golden Corral
Dining
15,829 visits/mo
0.5 miles
PJ's Coffee of New Orleans
Dining
11,594 visits/mo
0.5 miles
Dollar General
Shops & Services
9,901 visits/mo
0.4 miles
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant facility with dining, bar, outdoor seating, commercial kitchen, and separate pickup windows.
Where is this conventional restaurant located?
The property is located at 20 MACARTHUR DR Alexandria, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 7,904 SF building with 6,625 SF of heated and cooled space; Two entrances from MacArthur Drive and Bayou Rapides Road; Dining room, dedicated bar area, outdoor dining, and three restrooms
