Property summary
This exceptional 8,739 square foot retail shopping center in Alexandria, Louisiana presents a compelling investment opportunity. Located at 2303 S MacArthur Dr, this fully occupied (100%) property boasts a strong tenant mix including FedEx Office, Wingstop, Crumbl Cookies (lease signed 2023), and GameStop. The center benefits from a prime location directly in front of an Albertsons grocery store and near the Alexandria Mall, offering significant foot traffic and visibility. Built in 2004, the single-story building sits on a 0.92-acre lot with ample parking (40 spaces) and attractive pylon signage. The property features a Net Lease (NNN) structure with a corporate-guaranteed tenant base, providing stability and predictable income. The current Net Operating Income (NOI) is $219,416, yielding a 7.65% cap rate at an asking price of $2,868,200 ($328.21/sq ft). The property's strategic location near major retailers (Walmart, Sam's Club, Home Depot, Lowe's), hotels, and key employers (Proctor & Gamble, Crest Industries, Weyerhaeuser) ensures consistent demand and long-term value. Built-in rent bumps provide future income growth potential. The property is zoned commercial and offers excellent access with a left-turn lane. This is a rare opportunity to acquire a high-performing, well-located retail investment in a thriving market.
Property profile
VerifiedCap rate & NOI
Current use
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Travel Agency
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Bakery Take-out & Catering
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Electronics & Wireless Store
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Courier Service Postal Service
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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