For Sale

±9,180 SF Freestanding Retail Space Fronting Airline Dr

7505 Airline Dr,
Metairie, LA 70003

Asset Snapshot

Regional Mall
Retail Subtype

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

Investment Sales Broker