812 Belleau Wood BlvdAlexandria, LA 71303

Property Details for 812 Belleau Wood Blvd

Year built

2015

Lot size

5.47 AC

Property size (Sq ft)

42,196 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

23-009-09552-0001

APU

23009095520001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $8,511,234

  6.5%

  $7,856,524

  7%

  $7,295,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,084,320

  Geo Method

  $31,835,312

• Alternative Use

  Use

  Valuation

  Residential

  $6,627,272

  Hospitality

  $6,070,545

  Educational

  $5,050,622

  Medical

  $5,224,321

  Retail

  $7,856,524

Location Insight

City

Alexandria

County

Rapides

State

Louisiana

Latitude

31.2708

Longitude

-92.4866

CBSA code

10780

CBSA name

ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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