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2820 S MacArthur Drive - Logan's Roadhouse, Alexandria, LA

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2820 S MacArthur Drive - Logan's Roadhouse

Alexandria, LA 71301-2923


Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:1998
Building Size:8,432 SF Land Area:.7 AC (30,492 SF)
For Sale Price:$4,752,796 Price/SF:$563.66
Cap Rate:7.60 %



Sale Notes:
This Logan’s Roadhouse Property is located at 2820 South MacArthur Drive in Alexandria, Louisiana. Alexandria is the ninth-largest city in the state of Louisiana and is the parish seat of Rapides Parish, Louisiana. It lies on the south bank of the Red River in almost the exact geographic center of the state.

The subject property benefits from its strategic location in a dense retailer corridor. This corridor contains both local and national retailers, which include: Walmart, Sam’s Club, Target, Office Depot, Home Depot, Lowes, Kroger, Hobby Lobby, Texas Roadhouse, Applebee’s, Chick-fil-A, Starbucks, Wendy’s, and many more. Alexandria Mall which contains over 25 national retailers, is located less than a mile away and contains: Kirkland’s, JC Penney, Bed Bath & Beyond, Champ Sports, GNC, Dillard’s, Foot Locker, Sears, among many others.

There are approximately 45,002 individuals residing within a three-mile radius of the property and more than 59,100 individuals within a five-mile radius. The subject property is located on North Bluff Street, which is just off of Highway 71 and near Interstate-49. The average daily traffic counts for Highway 71 and Interstate-49 are roughly 37,353 and 34,054 respectively.

Alexandria is among the top ten largest cities in Louisiana and is home to the famous Alexandria Zoological Park, it is a 33-acre zoo located in Alexandria. First opened to the public in 1926, it is owned by the City of Alexandria and operated by the Division of Public Works. It is home to about 500 animals. Alexandria hosts a number of festivals and celebrations year round attraction large crowds of tourists. As Alexandria is at the cusp of Cajun culture's extension to the north, the city recognizes Mardi Gras as an official holiday. The annual Mardi Gras Krewes Parade – occurring on the Sunday before Mardi Gras – on Texas Avenue is a major cultural festivity in the area. Boasted as a true family oriented event, parade goers can enjoy over 20 New Orleans style floats, high school and college marching bands, as well as appearances by local celebrities. Situated south of the city, Louisiana State University at Alexandria (or LSUA) is a regional campus of the state's flagship university system, Louisiana State University. Enrollment exceeds 2,600 Students.

Marcus & Millichap Inc
Glen Kunofsky
(212) 430-5100

Alex Marietto
(212) 430-5182

James Westerberg
(646) 805-1449

  
Marcus & Millichap Inc
Michael James
(818) 212-2791




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