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Freestanding Retail-100% Occupied

2260 S MacArthur Dr Alexandria, LA 71301

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Overview

Marcus & Millichap is pleased to present 2260 S MacArthur Drive, a standout retail investment opportunity in Alexandria, Louisiana. Combining location desirability, recent property enhancements, full tenancy, and strategic land use, the asset is well-positioned in the growing Louisiana North Area Submarket. Coupled with substantial parking and flexible zoning, the property offers steady returns and the potential for value growth, making this freestanding retail asset a promising addition to any investment portfolio.

The property is strategically situated along S MacArthur Drive (Highway 71) with a heavy traffic volume in excess of 20,000 cars per day and near Highway 165, which sees 37,000 cars per day. Moreover, Alexandria International Airport is just northwest of the property, offering ample connectivity to the surrounding region and beyond. This freestanding retail shopping center also benefits from the presence of numerous nationally acclaimed retail brands, with businesses in proximity including Walmart, Sam’s, Target, Albertson’s, Home Depot, Lowe’s, Best Buy, PetSmart, Marshall’s, Chase, Anytime Fitness, Starbuck’s, Chick Fil La, Mc Donald’s, Taco Bell, KFC, Sonic, and more.

  • This multi-tenant retail asset is fully occupied, providing immediate and consistent revenue generation. Its 100 Percent lease status underscores the property's desirability in the market.
  • The building underwent significant renovations, enhancing its appeal and functionality to meet and exceed modern retail demands.
  • Scheduled rent increases and option periods ensure an upward revenue trajectory and protect against inflation.

For Sale

Retail
Investment

Secondary Uses: Free Standing

Sale Price
$1,100,000
Price Per SF
$196/SF
Cap Rate
7.37%
Building Size
5,611 SF
Acres
1.31 ac
Gross Income
$111,261
Net Operating Income
$88,461
Pro Forma NOI
$100,076
Total Expenses
$22,800
Building Name
Freestanding Retail Shopping Strip
Number of Buildings
1
Floors
1
Year Built
2014
Construction Siding
Concrete
Construction Type
Concrete
Parking Spaces
30
Nearest MSA
Alexandria
Property Use Type
Investment
Property Status
Existing
Average Occupancy Rate
100%
Is End Cap
Yes
County
Rapides Parish
Created
2024-04-03
Updated
2025-06-18
Listing ID
498d0117
Parcel APN
2405107905000201