2303 S MacArthur Dr - Retail FOR SALE


Alexandria, LA 71301
$2,868,200 USD
480-205-7637
2303 S MacArthur Dr, Alexandria, LA for Sale
$2,868,200 USD
Retail - FOR SALE
1/11
null | 7.65% Cap Rate

2303 S MacArthur Dr
Alexandria, LA 71301


HIGHLIGHTS

  • Fully occupied center in front of busy Albertsons grocery store.
  • Strong tenant mix: FedEx Office, Wingstop, Gamestop & Crumbl Cookies.
  • Great access including left turn in.
  • Surrounded by major retailers including Walmart, Sam’s Club, Target and more.
  • Replaceable rents with future upside.
  • Built in rental increases.

OVERVIEW

Bellagio Real Estate Partners, LLC, in conjunction with Bang Realty, Inc, is pleased to present an investment opportunity to acquire a 100% occupied retail center anchored by FedEx Office at 23 03 S. MacArthur Dr, Alexandria, LA. The subject property is minutes away from Alexandria International Airport and key nearby employers include: Proctor and Gamble, Crest Industries and Weyerhaeuser. The 8,739 SF center sits on 0.92 acres directly in front of Albertsons. Immediately behind the development is the 870,000 SF Alexandria Mall, home to Dillards, Burlington, Conn’s HomePlus and many other retailers. The subject property was built in 2004 and features all national retailers with a large presence and include Crumbl Cookies, which was signed in 2023. Other nearby retailers include: Chili’s, Taco Bell, Tropical Smoothie, Planet Fitness, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Hobby Lobby, Walmart, Harbor Freight Tools, Best Buy and many others. Also nearby the subject property are eight hotels within close walking distance such as Home2Suites, Courtyard and TownePlace Suites.

FOR SALE DETAILS

PRICE

$2,868,200 USD

PRICE/SF

$328 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alexandria Retail Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C-2

APN/PARCEL ID

24-051-34169-0004

ASK ABOUT THIS PROPERTY

Brad TeitelbaumBellagio Real Estate Partners LLCMore Info
480-205-7637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Brad TeitelbaumBellagio Real Estate Partners LLCMore Info
480-205-7637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.