Convenience Store with Full-Service
For Sale
$600,000
2920 Monroe St, Alexandria, LA 71301
Operational retail business with retained equipment, an attached suite, and a separate storage building.
Property Size5,971 SF
Price / SF$100.49
Days on Market65
Property Features for 2920 Monroe St
General Information
Standard status
Active
Size
5,971 SF
Amenities
full-service kitchen
Building Details
Buildings
2
Listing Agency:
Keller Williams Realty-First Choice
Listed By:
Lamar Albagdadi
(225) 744-0044
Source:
Smithsquared
Added: Aug 10
Changed: Oct 5
Last Checked: Oct 7 at 1:49PM
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 Keller Williams Realty-First Choice
Investment Insights
Based on property information with market context.
This 5,971-square-foot convenience store combines retail operations with a full-service kitchen. Equipment remains with the property, supporting continuity for the next owner. The main building also includes an attached suite that can accommodate a meat market, specialty retail use, or a separate rental arrangement.
A standalone building on the site is currently used for storage and may support additional business space or rental use. The property encompasses over 0.7 acres at 2920 Monroe St in Alexandria, Louisiana, providing room for the existing operation and future expansion of the business.
A standalone building on the site is currently used for storage and may support additional business space or rental use. The property encompasses over 0.7 acres at 2920 Monroe St in Alexandria, Louisiana, providing room for the existing operation and future expansion of the business.
Key Highlights
- 5,971‑square‑foot convenience store with full‑service kitchen
- All equipment remains with the property
- Attached suite supports meat market, specialty retail, or rental use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,929
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,580
$738.6K
Cap Rate 7%
$527,557
$527.6K
Cap Rate 9%
$410,322
$410.3K
Market Conditions
NOI Build-Up for 5,971 SF
Gross rent
$56.6K $9.48/SF
− Vacancy
−$3.8K −$0.64/SF
EGI
$52.8K $8.84/SF
− OpEx
−$15.8K −$2.65/SF
NOI
$36.9K $6.18/SF
Area
Rapides County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,580
Cap Rate 7%
$527,557
Cap Rate 9%
$410,322
Alternative Uses
Best Use
Specialty Retail
$1.04M
$910.9K – $1.21M
NOI $72,875 @ 7.0% cap · market cap 12.15%
Second Best
Retail
$1.03M
$898.1K – $1.20M
NOI $71,849 @ 7.0% cap · market cap 11.97%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,216 @ 7.0% cap · market cap 19.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 13%
Home Improvements & Furnishings 1%
Dollar General
Shops & Services
9,901 visits/mo
0.4 miles
Mobil
Shops & Services
6,137 visits/mo
0.5 miles
El Paso Mexican Grill
Dining
6,133 visits/mo
0.5 miles
Speedy Stop
Shops & Services
5,785 visits/mo
0.5 miles
Valero Energy
Shops & Services
5,305 visits/mo
0.4 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
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Similar Off Market Nearby
- Reina's Mercado — 740 MacArthur Dr Suite B, Alexandria, LA 71303
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operational retail business with retained equipment, an attached suite, and a separate storage building.
Where is this grocery and convenience store located?
The property is located at 2920 Monroe St Alexandria, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 5,971‑square‑foot convenience store with full‑service kitchen; All equipment remains with the property; Attached suite supports meat market, specialty retail, or rental use
