Walmart Shadow Center

Investment Highlights

MED-TAIL WALMART SHADOW CENTER
• The subject property is a 42,084 SF retail center shadow anchored by a Walmart Supercenter and located in Alexandria, LA
• The center boasts an attractive mix of medical and retail uses
• Leasing Momentum | 7 New Leases and amendments executed since 2023 (42% of Total GLA)
• Walmart Owns the Walmart

STRATEGIC LOCATION
• The center is shadow anchored by a strong-performing Walmart Supercenter that has been there since 2008
• The center is strategically positioned off LA-28 (19,000 VPD), the main road to Alexandria
• Limited Competition | The center is isolated from other retail competition and serves as the busiest retail shopping center in Alexandria

DOMINANT SHOPPING CENTER
• This Shopping Center sees an astounding 3.0M annual visits (including Walmart, Shops & Outparcels)
• This ranks as the #1 most visited shopping center within a 50 Mi. Radius

MEDICAL USES
• 32% of the shopping venter is leased to medical uses, including Christus Healthcare, a not for- profit health system with more than 600 centers in the United States, Chile, Colombia, and Mexico. The system includes hospitals, clinics, long-term care facilities, and health ministries
• This suite acts as an office administrative suite to service the 241-bed facility in Alexandria, which features both in-patient and outpatient services and is the second largest healthcare provider in Alexandria
• Christus Healthcare has reached out to exercise their option to renew their lease
• Louisiana HomeCare of Alexandria provides non-medical home healthcare services throughout the Alexandria market. They are the largest homecare provider in the market
• The lease is backed by LHC Group, a national home health care provider that has over 900 locations, partnerships with more than 400 hospitals and health systems, and in February of 2023 was acquired by UnitedHealthGroup for $5.4B. As a result it is now is a part of their health services division

ALEXANDRIA, LA
• Alexandria is the ninth-largest city in the state of Louisiana and is the parish seat and largest city of Rapides Parish, Louisiana, United States
• Large employers in Alexandria, AL include Procter & Gamble, Crest Industries and Weyerhaeuser have called Alexandria home for more than 40 years
• Home to Louisiana State University at Alexandria (5,100+ students) and Central Louisiana Technical Community College (2,100+ students)
• Alexandria is the heart of Central Louisiana, a vibrant hub along the Red River known for its rich history, cultural heritage, and deep Southern charm