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Family Dollar BTS | New Orleans Suburb 1609 Ames Blvd 9,180 SF Retail Building Marrero, LA 70072 $1,695,000 ($184.64/SF) 7.46% Cap Rate
Investment Highlights
- Lease through 2032
- 9180 Rentable SF
- Steady income and population growth in the area over
- Excellent traffic counts - 27,000 vehicles a day
- Built 2014, renovated 2020
Executive Summary
One of the region’s highest performing locations
Lease on this location just renewed through June 2032, guaranteed by Family Dollar
5 REMAINING RENEWAL OPTIONS WITH 7.5% BUMPS EACH
172’ Frontage on Ames Blvd
Founded in 1959, Family Dollar remains a key part of the US retail landscape, operating over 8,000 locations throughout the country, with 264 currently in Louisiana alone.
Formerly a sister brand of Dollar General, Family Dollar is now a standalone brand under distinct ownership.
Location underwent interior renovation in 2020
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$126,500
|
$13.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $126,500 |
| Annual Per SF | $13.78 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,180 SF
- $13.77
- Double Net
- May 2032
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 9,180 SF | $13.77 | Double Net | May 2032 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0420002584 | Improvements Assessment | $166,380 |
| Land Assessment | $37,260 | Total Assessment | $203,640 |
Property Taxes
Contacts
-
Martin Goldstein -
Russell Goldstein -
The Goldstein Group (MRG Associates, LLC)
Presented by
Family Dollar BTS | New Orleans Suburb | 1609 Ames Blvd
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