Restaurant Building with Road
For Sale
$1,300,000
959 MACARTHUR Drive, Alexandria, LA 71301
Custom restaurant property offers 150 feet of road frontage, 34 parking spaces, and high daily traffic along MacArthur Drive.
Property Size3,000 SF
Lot Size0.50 Acres
Price / SF$433.33
Days on Market291
Property Features for 959 MACARTHUR Drive
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
34
Lot size
0.50 Acres
Property subtype
General Commercial
Additional Details
Business Included
Yes
Traffic Count
20,600 vehicles/day
Amenities
3
COMM
Parking. Corner Lot.
Lot.
Rectangular
.517 ACRES
Corner, Rectangular.
Building Details
Year Built
1993
Listing Agency:
The Wilder Group
(318) 625-7475
Listed By:
RUSTY WILDER · License #995709043
Source:
Xome
Added: Nov 5, 2025
Changed: Aug 23
Last Checked: Aug 22 at 10:19AM
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 The Wilder Group
Investment Insights
Based on property information with market context.
Now available for sale is a custom restaurant property at 959 MacArthur Dr in Alexandria, LA, featuring a 3,000 SF building on an approximately half-acre lot. The site provides about 150 feet of road frontage on MacArthur Drive.
Traffic counts for the area are noted at approximately 20,600 vehicles passing daily, supporting strong drive-by exposure. The property also includes 34 parking spaces available on site.
Showings are by appointment only. The listing also notes continued business opportunity if interested.
Traffic counts for the area are noted at approximately 20,600 vehicles passing daily, supporting strong drive-by exposure. The property also includes 34 parking spaces available on site.
Showings are by appointment only. The listing also notes continued business opportunity if interested.
Key Highlights
- 3,000 SF building with approximately 150 ft of road frontage on MacArthur Drive
- High daily traffic: 20,600 vehicles pass daily on MacArthur Drive
- Approximately half‑acre lot with 34 parking spaces available
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
$36,615
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
2.82%
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%
$732,300
$732.3K
Cap Rate 7%
$523,071
$523.1K
Cap Rate 9%
$406,833
$406.8K
Market Conditions
NOI Build-Up for 3,000 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
$51.1K $17.04/SF
− Vacancy
−$2.3K −$0.77/SF
EGI
$48.8K $16.27/SF
− OpEx
−$12.2K −$4.07/SF
NOI
$36.6K $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%
$732,300
Cap Rate 7%
$523,071
Cap Rate 9%
$406,833
Alternative Uses
Best Use
Specialty Retail
$523.1K
$457.7K – $610.3K
NOI $36,615 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.0K
$723.6K – $964.8K
NOI $57,888 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,600 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
331k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 23%
Groceries 10%
Electronics 3%
Raising Cane's Chicken Fingers
Dining
37,057 visits/mo
0.1 miles
Chick-fil-A
Dining
34,096 visits/mo
0.4 miles
Super 1 Foods & Pharmacy
Groceries
32,061 visits/mo
0.5 miles
McDonald's
Dining
31,349 visits/mo
0.4 miles
Starbucks
Dining
19,004 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Custom restaurant property offers 150 feet of road frontage, 34 parking spaces, and high daily traffic along MacArthur Drive.
Where is this conventional restaurant located?
The property is located at 959 MACARTHUR Drive Alexandria, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,000 SF building with approximately 150 ft of road frontage on MacArthur Drive; High daily traffic: 20,600 vehicles pass daily on MacArthur Drive; Approximately half‑acre lot with 34 parking spaces available
