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 Market19
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
(225) 744-0044
Listed By:
Lamar Albagdadi
Source:
Smithsquared
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 28 at 12:51PM
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 = 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
$36,929
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
6.15%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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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
