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    812 Belleau Wood Blvd Alexandria, LA 71303

    For Sale
    $9,503,350

    High-yield Walmart-anchored retail property.

    Property size:
    41,117 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fee-simple, 41,117-square-foot retail property in Alexandria, Louisiana, fully occupied by a Walmart Neighborhood Market under a 20-year net lease (NNN). The lease, commencing January 7, 2015, and expiring January 7, 2035, boasts over 10 years remaining and includes option periods. The property, situated on a 5.47-acre lot (APN: 1011459050) at 812 Belleau Wood Blvd, enjoys a prime location near major retailers like Kroger, Chick-fil-A, and Walgreens, and benefits from high visibility at the intersection of Jackson St and Belleau Wood Blvd, adjacent to Alexandria Senior High School. The property features a modern prototype layout, including a gas station and drive-thru pharmacy. The asking price is $9,503,350, representing a price per square foot of $231.13 and a 6.00% cap rate, with a net operating income (NOI) of $570,201. The tenant, Walmart, provides a corporate guarantee, ensuring strong financial backing and minimal landlord responsibilities. Rent increases are included in the option periods. This investment offers a compelling combination of a blue-chip tenant, a long-term lease, and a strong location in a densely populated area. The property includes a 20-year roof warranty.

    Property Features for 812 Belleau Wood Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    41,117 SF
    Lot Size
    238,273 SF

    HighLights

    • Walmart (NYSE: WMT) corporate lease with parent guarantee.
    • Modern Walmart prototype with gas station and drive‑thru pharmacy; high traffic location.
    • High‑visibility site at Hwy 161/71 intersection, near Alexandria High School and dense residential area.
    • 10% rent increases in lease options; low rent per square foot; 20‑year roof warranty.
    • Located in affluent suburb ($118,875 average household income); essential business with strong market share.
    • Modern Walmart prototype; top global retailer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides Parish
    State
    Louisiana
    Longitude
    -92.4872337
    Latitude
    31.2709466

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walmart-anchored retail property.
    Where is this individual retail property 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: Walmart (NYSE: WMT) corporate lease with parent guarantee.; Modern Walmart prototype with gas station and drive-thru pharmacy; high traffic location.; High-visibility site at Hwy 161/71 intersection, near Alexandria High School and dense residential area.
    Request Owner's contact information
    812 Belleau Wood Blvd Alexandria, LA 71303
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    Alexandria, LA 71303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    812 Belleau Wood Blvd Alexandria, LA 71303
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