Memorial Drive

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Memorial Drive

Alexandria, LA 71301
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

What's Special

5.74± Acres of Pad-Ready Commercial Land Directly Behind Target on Memorial Drive <ul><li>​<span style="color: rgba(0, 0, 0, 1)">5.74± acres of pad-ready commercial development land</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Prominent Memorial Drive frontage at a signalized intersection</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Directly behind Target — one of Alexandria's highest-performing retail anchors</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Adjoining Christus St. Frances Cabrini Hospital campus</span></li><li>​<span style="color: rgba(

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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