Freestanding Drive-Through
For Sale
$850,000
5410 Jackson St, Alexandria, LA 71303
C-2 General Commercial zoning supports restaurant operations and a range of additional commercial uses.
Property Size2,654 SF
Lot Size1.17 Acres
Price / SF$320.27
Days on Market63
Property Features for 5410 Jackson St
General Information
Standard status
Active
Size
2,654 SF
Lot size
1.17 Acres
Property subtype
Retail
Zoning
C-2 General Commercial
Additional Details
Drive-Thru
Yes
Amenities
Drive-Thru
Vacant
Listing Agency:
Stirling Lafayette
(337) 572-0276
Listed By:
Rankin Bihm · License #0995691437
(337) 572-0276
Source:
Lacdb.resimplifi
Added: Jul 1
Changed: Aug 31
Last Checked: Aug 31 at 1:51PM
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 Stirling Lafayette
Investment Insights
Based on property information with market context.
This freestanding second-generation restaurant contains 2,654 SF on a 1.17-acre site. The improvements include a drive-through, parking, and multiple ingress and egress points, providing an established layout for restaurant operations.
Located at 5410 Jackson St in Alexandria, LA, the property carries C-2 General Commercial zoning. The site is positioned within an established retail corridor and is presented as suitable for restaurant, retail, medical, office, or other commercial uses.
Located at 5410 Jackson St in Alexandria, LA, the property carries C-2 General Commercial zoning. The site is positioned within an established retail corridor and is presented as suitable for restaurant, retail, medical, office, or other commercial uses.
Key Highlights
- Freestanding second‑generation restaurant on 1.17 acres
- 2,654 SF building with drive‑through service
- Multiple points of ingress and egress
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
$32,392
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
3.81%
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%
$647,840
$647.8K
Cap Rate 7%
$462,743
$462.7K
Cap Rate 9%
$359,911
$359.9K
Market Conditions
NOI Build-Up for 2,654 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
$45.2K $17.04/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$43.2K $16.27/SF
− OpEx
−$10.8K −$4.07/SF
NOI
$32.4K $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%
$647,840
Cap Rate 7%
$462,743
Cap Rate 9%
$359,911
Alternative Uses
Best Use
Specialty Retail
$462.7K
$404.9K – $539.9K
NOI $32,392 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.6K
$640.2K – $853.5K
NOI $51,212 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 38%
Shops & Services 11%
Apparel 5%
Walmart Neighborhood Market
Groceries
36,252 visits/mo
0.1 miles
McDonald's
Dining
26,902 visits/mo
0.5 miles
SONIC Drive In
Dining
8,119 visits/mo
0.1 miles
Chevron
Shops & Services
6,704 visits/mo
0.5 miles
Goodwill
Apparel
5,101 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - C-2 General Commercial zoning supports restaurant operations and a range of additional commercial uses.
Where is this drive through restaurant located?
The property is located at 5410 Jackson St Alexandria, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Freestanding second‑generation restaurant on 1.17 acres; 2,654 SF building with drive‑through service; Multiple points of ingress and egress
