Albertsons NNN Lease
For Sale
$8,250,200
2265 S MacArthur Dr, Alexandria, LA 71301
NNN leased Albertsons with ±4.7 years of term remaining.
Property Size62,117 SF
Price / SF$132.82
Days on Market213
Property Features for 2265 S MacArthur Dr
General Information
Standard status
Active
Size
62,117 SF
Total Parking Spaces
302
Property subtype
Investment
Amenities
302 Parking Spaces
Building Details
Year Built
1990
Listing Agency:
CBRE Baton Rouge
Listed By:
Jake Loach · License #SALE.995703697-ACT
(225) 952-1255
Source:
Lacdb.resimplifi
Added: Feb 25
Changed: Sep 14
Last Checked: Sep 24 at 6:49AM
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 CBRE Baton Rouge
Investment Insights
Based on property information with market context.
The property is an Albertsons situated along South MacArthur Drive with a traffic volume of 2,951 vehicles per day. South MacArthur Drive runs parallel with US Highway 71, which experiences a traffic volume of 34,988 vehicles per day. Interstate 49, with a traffic volume of 43,294 vehicles per day, is located less than 2 miles from the site. The property is under an absolute NNN lease with approximately 4.7 years of remaining term and includes six, 5-year renewal options. The property size is 62,117 square feet.
Key Highlights
- Absolute NNN lease provides a hands‑off investment opportunity.
- ±4.7 years of remaining lease term offers stable, near‑term income.
- Six, 5‑year renewal options provide potential for long‑term income.
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
$758,132
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
9.19%
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%
$15,162,640
$15.2M
Cap Rate 7%
$10,830,457
$10.8M
Cap Rate 9%
$8,423,689
$8.4M
Market Conditions
NOI Build-Up for 62,117 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
$1.06M $17.04/SF
− Vacancy
−$47.6K −$0.77/SF
EGI
$1.01M $16.27/SF
− OpEx
−$252.7K −$4.07/SF
NOI
$758.1K $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%
$15,162,640
Cap Rate 7%
$10,830,457
Cap Rate 9%
$8,423,689
Alternative Uses
Best Use
Specialty Retail
$10.83M
$9.48M – $12.64M
NOI $758,132 @ 7.0% cap · market cap 9.19%
Second Best
Retail
$10.68M
$9.34M – $12.46M
NOI $747,454 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$17.12M
$14.98M – $19.98M
NOI $1,198,610 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
795k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 24%
Superstores 23%
Apparel 20%
Dining 16%
Sam's Club
Superstores
99,785 visits/mo
0.5 miles
Target
Superstores
85,492 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
53,216 visits/mo
0.4 miles
Marshalls
Apparel
45,760 visits/mo
0.3 miles
Albertsons
Groceries
40,163 visits/mo
0.1 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
Questions? Ask Rey
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Similar Off Market Nearby
- Albertsons — 2265 S MacArthur Dr, Alexandria, LA 71301
- Shop Rite — Alexandria, LA 71301
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN leased Albertsons with ±4.7 years of term remaining.
Where is this grocery and convenience store located?
The property is located at 2265 S MacArthur Dr Alexandria, LA.
What is the asking price?
The asking price for this property is $8,250,200.
What are key features of this property?
This property features: Absolute NNN lease provides a hands‑off investment opportunity.; ±4.7 years of remaining lease term offers stable, near‑term income.; Six, 5‑year renewal options provide potential for long‑term income.
