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7505 Airline Dr 9,100 SF Retail Building Metairie, LA 70003 $1,599,200 ($175.74/SF) 9.50% Cap Rate
Investment Highlights
- Corporate-guaranteed income from Dollar General Corporation (NYSE: DG), an investment-grade BBB-rated tenant, through January 2027.
- Signalized hard corner at Airline Drive (US-61) and N. Elm Street with dual-street access and strong visibility.
- Credit-backed, value-add net-lease asset with broad re-tenanting appeal in the New Orleans MSA.
- Infill Metairie location with ±36,000 VPD, signalized access, and 231,544 residents within five miles.
- Surrounded by national retailers including Walmart, Home Depot, Chick-fil-A, Raising Cane's, and Walgreens.
Executive Summary
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.
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.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2010
Price
$1,599,200
Price Per SF
$175.74
Cap Rate
9.50%
NOI
$151,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.99 AC
Frontage
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0910009342 | Improvements Assessment | $150,560 |
| Land Assessment | $67,930 | Total Assessment | $218,490 |
Property Taxes
Parcel Number
0910009342
Land Assessment
$67,930
Improvements Assessment
$150,560
Total Assessment
$218,490
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7505 Airline Dr
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