Walmart Neighborhood Market Investment
For Sale
Contact for pricing
812 Belleau Wood Boulevard, Alexandria, LA 71303
Single tenant net lease retail asset with corporate guaranty.
Property Size41,117 SF
Lot Size5.47 Acres
Price / SF$231.13
Days on Market1578
Property Features for 812 Belleau Wood Boulevard
General Information
Standard status
Active
Size
41,117 SF
Lot size
5.47 Acres
Property subtype
Retail
Listing Agency:
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed By:
Eric Carlton · License #CA 01809955
Source:
Crexi
Added: Apr 5, 2022
Changed: Jul 6
Last Checked: Jul 30 at 10:10AM
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
Investment Insights
Based on property information with market context.
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.
Key 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).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
NOI $501,829 @ 7.0% cap · market cap 5.28%
Second Best
Retail
$7.07M
$6.18M – $8.25M
NOI $494,761 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$11.33M
$9.92M – $13.22M
NOI $793,394 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Walmart Neighborhood Market
Groceries
36,252 visits/mo
0.5 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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Similar Off Market Nearby
- Mac's Fresh Market — 4615 Jackson St, Alexandria, LA 71303
Frequently Asked Questions
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 Boulevard 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).
