Single-Tenant Dollar General
7505 Airline Drive Metairie, LA 70003
7505 Airline Drive, Metairie, LA, 70003
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For Sale
Contact for pricing
Single-tenant Dollar General building fronts Airline Drive and is net-leased with a corporate guaranty through January 2027.
Property Size9,100 SF
Lot Size0.99 Acres
Price / SF$175.74
Days on Market24
Property Features for 7505 Airline Drive
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Lot size
- 0.99 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2012
Listing agency
AMC Real Estate
Listed by
Corbin Montpas · License #6501448006
Source
Crexi
Added: Jun 29 Updated: Jul 21 at 2:24PM Checked: Jul 21 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AMC Real Estate
Investment Insights
Based on property information with market context.
The offering is a single-tenant Dollar General retail building totaling 9,100 square feet, situated on approximately 0.985 acres. The property is currently dark, and the lease is net-leased to Dollar General with a corporate guaranty from Dollar General Corporation. The guaranty remains in place through lease expiration in January 2027.
The site fronts Airline Drive (U.S. Highway 61), a major divided arterial that connects directly to I-10 and Louis Armstrong New Orleans International Airport, and the Metairie segment has seen renewed commercial investment.
This is a corporate-guaranteed, net-leased retail asset in an infill suburban retail corridor in Metairie, within the New Orleans–Metairie MSA.
The site fronts Airline Drive (U.S. Highway 61), a major divided arterial that connects directly to I-10 and Louis Armstrong New Orleans International Airport, and the Metairie segment has seen renewed commercial investment.
This is a corporate-guaranteed, net-leased retail asset in an infill suburban retail corridor in Metairie, within the New Orleans–Metairie MSA.
Key Highlights
- Single‑tenant Dollar General building built in 2012 and totaling 9,100 SF
- Sits on roughly 0.985 acres and fronts Airline Drive (U.S. Highway 61)
- Net‑leased to Dollar General with a corporate guaranty from Dollar General Corporation (NYSE: DG)
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.6k | $20.40 |
| − Vacancy | −$7.4k | −$0.82 |
| EGI | $178.2k | $19.58 |
| − OpEx | −$44.6k | −$4.90 |
| NOI | $133.7k | $14.69 |
9,100 SF · lease $20.40/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,661 @ 7.0% cap · market cap 8.36%
Second Best
Retail
$1.63M
$1.43M – $1.90M
NOI $114,010 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$2.13M
$1.86M – $2.49M
NOI $149,170 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar General
Grocery & Convenience Store
Western Union
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Single-tenant Dollar General building fronts Airline Drive and is net-leased with a corporate guaranty through January 2027.
Where is this grocery and convenience store located?
The property is located at 7505 Airline Drive Metairie, LA.
What is the asking price?
The asking price for this property is $1,599,200.
What are key features of this property?
This property features: Single‑tenant Dollar General building built in 2012 and totaling 9,100 SF; Sits on roughly 0.985 acres and fronts Airline Drive (U.S. Highway 61); Net‑leased to Dollar General with a corporate guaranty from Dollar General Corporation (NYSE: DG)
