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Walmart Neighborhood Market Investment Opportunity

812 Belleau Wood Blvd, Alexandria, LA 71303

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For Sale

Contact for pricing

Single tenant net lease retail asset with corporate guaranty.

Type:Retail

Property size:

41,117 SF

Lot size:

5.47 Acres

Price / SF:

$231/SF

HighLights

100% occupied by Walmart Neighborhood Market with a full corporate guaranty from Walmart Stores Inc.
Over 11 years remaining on a 20‑year primary lease term with 4 - 5 year option periods.
Fee simple ownership (land and building).
Located next to Alexandria Senior High School.
Strategically located at the intersection of Jackson St and Belleau Wood Blvd.
Situated near major national retailers such as Kroger, Chick‑fil‑A, Harbor Freight, Walgreens, Chase Bank, and CVS.

We can help!

Listing Contact

Eric Carlton

For Sale

Contact for pricing

Single tenant net lease retail asset with corporate guaranty.

Type:Retail

Property size:

41,117 SF

Lot size:

5.47 Acres

Price / SF:

$231/SF

Added:: Apr 5, 2022
Days on Market:: 1532
Last Refresh:: May 19 at 9:17 pm

Property Features for 812 Belleau Wood Blvd

General Information

Standard status: Active
Size: 41,117 SF
Lot size: 5.47 Acres
Property subtype: Retail

We can help!

Listing Contact

Eric Carlton

Listing agent Eric Carlton License #CA 01809955

Listing office Colliers - Los Angeles - Orange County, California

Listing date Apr 5, 2022

Source Crexi

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 Colliers - Los Angeles - Orange County, California

HighLights

100% occupied by Walmart Neighborhood Market with a full corporate guaranty from Walmart Stores Inc.
Over 11 years remaining on a 20‑year primary lease term with 4 - 5 year option periods.
Fee simple ownership (land and building).
Located next to Alexandria Senior High School.
Strategically located at the intersection of Jackson St and Belleau Wood Blvd.
Situated near major national retailers such as Kroger, Chick‑fil‑A, Harbor Freight, Walgreens, Chase Bank, and CVS.

Overview

This is a single-tenant net lease retail asset fully occupied by Walmart Neighborhood Market, backed by a corporate guaranty from Walmart Stores Inc. The property has over 11 years remaining on a 20-year primary lease term, with four 5-year option periods. The fee simple asset includes the land and a 41,117-square-foot building on approximately 5.47 acres. The property is located at the intersection of Jackson St and Belleau Wood Blvd, next to Alexandria Senior High School and near major national retailers such as Kroger, Chick-fil-A, Harbor Freight, Walgreens, Chase Bank, and CVS. This property is suitable for investors looking to acquire a property leased to a leading grocer.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$700.6k	$17.04
− Vacancy	−$31.5k	−$0.77
EGI	$669.1k	$16.27
− OpEx	−$167.3k	−$4.07
NOI	$501.8k	$12.20

41,117 SF · lease $17.04/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$7.17M

$6.27M – $8.36M (±1% cap)

NOI $501,829 @ 7.0% cap · market cap 5.28%

Second Best

Retail

$7.07M

$6.18M – $8.25M (±1% cap)

NOI $494,761 @ 7.0% cap · market cap 5.21%

Theoretical Best

Office A

$11.33M

$9.92M – $13.22M (±1% cap)

NOI $793,394 @ 7.0% cap · market cap 8.35%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Walmart Fuel Station Grocery & Convenience Store Walmart Neighborhood Market Grocery & Convenience Store Walmart Pharmacy Pharmacy Walmart Bakery Bakery Walmart Connection Center Mobile Phone Store

Suggested Use

Location Insight

Map
Local Demand

City: Alexandria
County: Rapides
State: Louisiana
Longitude: -92.490359
Latitude: 31.271718

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For sale
Grocery and convenience stores
LA
Alexandria
71303
812 Belleau Wood Blvd

What type of property is this?

Grocery and convenience store - Single tenant net lease retail asset with corporate guaranty.

Where is this grocery and convenience store located?

The property is located at 812 Belleau Wood Blvd Alexandria, LA.

What is the asking price?

The asking price for this property is $9,503,350.

What are key features of this property?

This property features: 100% occupied by Walmart Neighborhood Market with a full corporate guaranty from Walmart Stores Inc.; Over 11 years remaining on a 20‑year primary lease term with 4 - 5 year option periods.; Fee simple ownership (land and building).