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Property Detail

South Macarthur Drive
Skyline Seven Realty is pleased to exclusively present a rare investment opportunity on Ten-X .
$450,000

Description

Skyline Seven Realty is pleased to exclusively present a rare investment opportunity on Ten-X to acquire a multi-tenant retail building in Alexandria, Louisiana, with absolute NNN leases, strong in-place cash flow, and tremendous upside through the lease-up of approximately 4,620 square feet. Alexandria Station at 2385 S Macarthur Drive totals 11,660 square feet and was constructed in 2007 on a spacious 1.45-acre lot with C2 commercial zoning. The property is well-positioned along S Macarthur Drive, and access to the property is made easy with tall monument signage, two curb cuts, and a large parking lot with approximately 64 surface-level spaces for employees and patrons. Currently, the property is 60.38% leased on an NNN basis to a financial services provider and an internet provider.

2385 S Macarthur Drive is highly accessible as it sits just off the heavily trafficked Highway 71 and Highway 165, and close to Interstate 49. This specific section of Highway 71 amasses over 26,000 vehicles passing by daily, and that number jumps to over 45,000 vehicles per day along Interstate 49. The property is ideally located in the most thriving retail area within Alexandria and is proximate to countless amenities and demand drivers. The property benefits from its positioning next to an Albertson's grocery store, Planet Fitness, Alexandria Mall, and Courtyard Alexandria, all providing constant traffic to the immediate area. Also located within a mile radius are well-known tenants like Best Buy, Lowe's, Sam's Club, Walmart Supercenter, Target, Four Seasons Bowling Center, Kroger, and more. Other nearby demand drivers include the Alexandria Zoological Park, CHRISTUS St. Frances Cabrini Hospital, SM Brame Jr High School, and Alexandria Senior High School.

Alexandria is the ninth-largest city in Louisiana and the largest city within the Rapides Parish. Nestled along the south bank of the Red River, Alexandria is a vibrant commercial, retail, educational, and healthcare center located in the heart of central Louisiana. The surrounding 10-mile radius is home to a population north of 96,600 residents with a solid average household income above $71,000 and total specified consumer spending at over $989 million annually.

2385 S Macarthur Drive is primed for success with immense value-add upside, in-place cash flow, and a highly accessible location in the heart of Alexandria, Louisiana.

Value-Add NNN | Albertson's Shadow Anchor

Listing ID : 00633

SKU: 633

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Price History

DateEventPrice
December 5 2024Listed$450,000.00