Value-Add NNN | Albertson's Shadow Anchor | 2385 S Macarthur Dr
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Value-Add NNN | Albertson's Shadow Anchor 2385 S Macarthur Dr
11,660 SF 60% Leased Retail Building Online Auction Sale Alexandria, LA 71301
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Investment Highlights
- 60%+ occupancy - multi-tenant retail asset with significant upside and in-place cash flow via NNN leases.
- Current tenants: Lendmark Financial and Vexus Fiber which have leases through 2030 & 2028 with rent increases
- Highly accessible property sitting just off the heavily trafficked Highways 71 and 165 and less than 3 miles from Interstate 49.
- Value-add opportunity by leasing the 2 vacant units totaling 4,620 SF
- Prime retail opportunity with an Albertson's shadow anchor near national tenants such as Sam's Club, Target, Walmart Supercenter, and more.
- The 3-mile radius boasts an average household income of $74,560, with a projected 10% growth over the next 5 years.
Executive Summary
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.
Property listed by Adam Slutzky - Louisiana License #BROK.912122591-ACT
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.
Property listed by Adam Slutzky - Louisiana License #BROK.912122591-ACT
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,660 SF
Building Class
C
Year Built
2007
Percent Leased
60%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Land Acres
1.45 AC
Zoning
C-2 - Business/Commercial
Parking
68 Spaces (5.83 Spaces per 1,000 SF Leased)
Frontage
158 ft on South MacArthur Drive
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
potential for drive-thru, and space could be configured for either retail, office, or medical use.
Space could be configured for either retail, office, or medical use.
| Space | Size | Space Use | Position | Available |
| A | 1,540 SF | Office/Retail | End Cap | 30 Days |
| C-D | 1,540-3,080 SF | Office/Retail | In-Line | Now |
A
| Size |
| 1,540 SF |
| Space Use |
| Office/Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
C-D
| Size |
| 1,540-3,080 SF |
| Space Use |
| Office/Retail |
| Position |
| In-Line |
| Available |
| Now |
A
| Size | 1,540 SF |
| Space Use | Office/Retail |
| Position | End Cap |
| Available | 30 Days |
potential for drive-thru, and space could be configured for either retail, office, or medical use.
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C-D
| Size | 1,540-3,080 SF |
| Space Use | Office/Retail |
| Position | In-Line |
| Available | Now |
Space could be configured for either retail, office, or medical use.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
5,408
44,328
58,264
2020 Population
5,404
43,703
57,211
2029 Population
5,292
43,490
57,209
2024-2029 Projected Population Growth
-2.1%
-1.9%
-1.8%
Daytime Employees
11,750
43,301
50,812
Total Businesses
1,368
4,355
5,170
Average Household Income
$54,763
$67,994
$64,821
Median Household Income
$38,589
$39,999
$39,105
Total Consumer Spending
$47.7M
$435.9M
$554.5M
Median Age
39.0
38.6
37.9
2024 Households
2,167
18,065
23,534
Percent College Degree or Above
15%
14%
13%
Average Home Value
$155,158
$204,051
$197,140
$ values in USD
Nearby Major Retailers
Sale Advisors
Sale Advisors
Chase Murphy, Vice President | Partner
(404) 812-8925
Contact
Chase represents buyers and sellers of commercial real estate at Skyline Seven. Chase has a vast knowledge of transactional real estate and applies his expertise to single tenant and multi-tenant retail and office properties. Representing real estate companies, private investors, high net worth families and lenders/special servicers, Chase is committed to profitable and seamless closings for his clients. Over the last 5 years alone, Chase has executed over $250,000,000 of real estate transactions.
Prior to joining Skyline Seven, Chase worked as a real estate asset manager for Altisource and managed a real estate portfolio in excess of $35,000,000 while removing over $70,000,000 of distressed real estate assets from his clients’ balance sheets. At Altisource, Chase specialized in building relationships with his clients while advising and executing loss-mitigation strategies for their real estate assets. Chase attended Valdosta State University, earning a degree in finance and is a long-time Atlanta resident and lives in Smyrna with his wife. Chase enjoys spending time with family and friends, playing golf, attending sporting events and entertaining his nephews and niece. In addition, Chase currently serves on the young professional board for Action Ministries which provides food to nearly 7,000 children across Georgia.
Prior to joining Skyline Seven, Chase worked as a real estate asset manager for Altisource and managed a real estate portfolio in excess of $35,000,000 while removing over $70,000,000 of distressed real estate assets from his clients’ balance sheets. At Altisource, Chase specialized in building relationships with his clients while advising and executing loss-mitigation strategies for their real estate assets. Chase attended Valdosta State University, earning a degree in finance and is a long-time Atlanta resident and lives in Smyrna with his wife. Chase enjoys spending time with family and friends, playing golf, attending sporting events and entertaining his nephews and niece. In addition, Chase currently serves on the young professional board for Action Ministries which provides food to nearly 7,000 children across Georgia.
Elliott Kyle, Vice President | Partner
(404) 812-8927
Contact
Elliott Kyle is responsible for Skyline Seven’s Investment Sales Division and is one of Atlanta’s top sale producers. Elliott offers a breadth of brokerage experience having represented private investors, institutions, and lenders/ special servicers. Over the last 15 years alone, Elliott closed real estate transactions in excess of $750,000,000. Previously, Elliott was Vice President for Shane Investment Property Group, an Atlanta-based investment sales brokerage firm. In his capacity at Shane, Elliott transacted various property types and was instrumental in the training of new agents. Elliott also held previous senior management positions with Rock-Tenn Company and Manhattan Associates, a multi-national firm. Elliott attended Tulane University and the University of Georgia, earning a degree in Economics. Following his undergraduate studies, Elliott attended Georgia State University, earning his MBA. Elliott lives in Druid Hills with his wife and son. Elliott is a native of Atlanta and enjoys a number of hobbies, one being an avid golfer and a member of Druid Hills Golf Club. In addition, Elliott has been involved in a number of not-for-profit organizations, such as Senior Warden of the Vestry at St. Luke’s Episcopal Church, President of the Board of Trustees at Canterbury Court (CCRC), Vice President with the Druid Hills Civic Association, Courtland Street Mission, and more.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr BROK.0995692305-CORP Irvine, CA; Auction Firm LA AB-446
-
Chase Murphy -
Elliott Kyle -
Skyline Seven Real Estate
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Value-Add NNN | Albertson's Shadow Anchor | 2385 S Macarthur Dr
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