2303 Macarthur DrAlexandria, LA 71301

Property Details for 2303 Macarthur Dr

Year built

2004

Lot size

0.92 AC

Property size (Sq ft)

8,739 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Alexandria

County

Rapides Parish

State

Louisiana

Latitude

31.2728

Longitude

-92.4639

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