7505 Airline Dr - Freestanding FOR SALE


Metairie, LA 70003
$1,599,200 USD
586-200-0041
7505 Airline Dr, Metairie, LA for Sale
$1,599,200 USD
Freestanding - FOR SALE
1/5
null | 9.5% Cap Rate

7505 Airline Dr
Metairie, LA 70003


HIGHLIGHTS

  • Corporate-guaranteed income from Dollar General Corporation (NYSE: DG), an investment-grade BBB-rated tenant, through January 2027.
  • Infill Metairie location with ±36,000 VPD, signalized access, and 231,544 residents within five miles.
  • Signalized hard corner at Airline Drive (US-61) and N. Elm Street with dual-street access and strong visibility.
  • Surrounded by national retailers including Walmart, Home Depot, Chick-fil-A, Raising Cane's, and Walgreens.
  • Credit-backed, value-add net-lease asset with broad re-tenanting appeal in the New Orleans MSA.

OVERVIEW

AMC Real Estate Investment Services is pleased to present a single-tenant Dollar General at 7505 Airline Drive in Metairie, Louisiana. The 9,100-SF building sits on roughly 0.985 acres and is net-leased to Dollar General, backed by a corporate guaranty from Dollar General Corporation (NYSE: DG). The store is currently dark, but the guaranty remains in place through lease expiration in January 2027, providing credit-supported income while a replacement tenant or use is identified. The property fronts Airline Drive (U.S. Highway 61), a major divided arterial running from New Orleans toward Baton Rouge that parallels Interstate 10 through Jefferson Parish. The corridor connects directly to I-10 and Louis Armstrong New Orleans International Airport, and has recently drawn renewed commercial investment along the Metairie segment. Metairie is the largest community in Jefferson Parish and, with a 2020 population of 143,507, the fifth-largest census-designated place in the U.S.—if incorporated, it would rank as Louisiana's fourth-largest city. It sits within the New Orleans-Metairie MSA, home to roughly 1.0 million residents. Jefferson Parish is the retail hub of the New Orleans metro, with the region's largest concentration of middle-class residents supporting steady neighborhood retail demand. This offering lets investors acquire a net-leased asset in a dense, infill suburban market backed by a corporate-guaranteed lease—a defensive addition to a net-lease portfolio.

FOR SALE DETAILS

PRICE

$1,599,200 USD

PRICE/SF

$174 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,103 SF

ZONING

-

APN/PARCEL ID

0910009342

ASK ABOUT THIS PROPERTY

Corbin MontpasAMC Real Estate Investment ServicesMore Info
586-200-0041

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Corbin MontpasAMC Real Estate Investment ServicesMore Info
586-200-0041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.