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For Sale

±9,180 SF Freestanding Retail Space Fronting Airline Dr

7505 Airline Dr,
Metairie, LA 70003

Asset Snapshot

Offering Summary

Investment Overview

Now for sale and lease, 7505 Airline Dr features a ±9,180 SF retail building on a ±0.99-acre site, formerly occupied by Dollar General. The highly visible site sees daily traffic counts of ±30,983 vehicles. Ample on-site parking and dual access from Airline Hwy and N Elm St are available. Positioned between a dense residential area and a highly-traveled thoroughfare, the property is surrounded by national and local retailers including O’Reilly Auto Parts, Bridge House Super Thrift Store, Clay’s Café, and Mano’s Po-Boys. Pylon signage opportunities are available for added visibility. Current tenant Dollar General is on a NNN lease and paying a base rent of $12,660/month until 02/2027. Annual NOI is $151,925. Cap rate is 9.5% until the dollar general lease is over. NNN lease type.


Investment Highlights

  • Daily traffic counts of ±30,983 vehicles
  • Dual access from Airline Hwy and N Elm St
  • Surrounding retailers include O’Reilly Auto Parts, Bridge House Super Thrift Store, and more
  • Pylon signage available

How it Works

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Listing Syndicated From

Buildout
For Sale
$1,600,000
Asking Price