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Albertsons: Alexandria, LA 2265 S Macarthur Dr 62,117 SF Retail Building Alexandria, LA 71301 $8,250,200 ($132.82/SF) 9.50% Cap Rate

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Investment Highlights

Absolute NNN lease features ±4.7 years of term remaining with six, 5-year renewal options.
Feet from the 869,000+ SF Alexandria Mall, which features Dillard’s, JCPenney, Hibbett and Michaels.

Anchors a shopping center that is also home to Planet Fitness, Chili’s Grill & Bar, Wingstop, GameStop, Crumbl, and Tropical Smoothie Cafe.

Executive Summary

Albertsons is situated along South MacArthur Drive (2,951 VPD), which runs parallel with US Highway 71 (34,988 VPD). Interstate 49 (43,294 VPD) is less than 2 miles from the site. Albertsons’ absolute NNN lease features ±4.7 years of term remaining with six, 5-year renewal options. The property anchors a shopping center that is also home to Planet Fitness, Chili’s Grill & Bar, Wingstop, GameStop, Crumbl, and Tropical Smoothie Cafe. Albertsons is feet from the 869,000+ SF Alexandria Mall, which features Dillard’s, JCPenney, Hibbett, Michaels and Sears Appliance Repair, and drives significant traffic towards the site. In total, there are 6.1 MSF of retail, 1.7 MSF of office, 3.2 MSF of industrial, 4,750 multifamily units, and 1,900+ hotel rooms within a 5-mile radius. Major retailers in the surrounding area include Walmart Supercenter, Sam’s Club, Target, Home Depot, Lowe’s Home Improvement, Hobby Lobby, Best Buy, PetSmart, Marshalls, Boot Barn, Old Navy, Ross Dress for Less, and Academy Sports + Outdoors.