Dark Dollar General – Metairie, LA — photo 1 of 2 — Dark Dollar General – Metairie, LA

Retail – Discount / GroceryMetairie, LACode AMC-5657

Dark Dollar General – Metairie, LA

7505 Airline Drive, Metairie, LA 70003

Asking price

$1,599,200

Cap rate: 9.5%
NOI: $151,924

Estimate financing

Property details

Tenant: Dollar General
Property type: Retail – Discount / Grocery
Lease type: Absolute NNN
Lease guarantee: Credit Rated, Corporate Guarantee
Term remaining: 0.6 yrs
Listing code: AMC-5657

Investment highlights

Corporate-guaranteed income during repositioning. Although the store is currently dark, the lease is guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant rated BBB by S&P, through January 2027. The guaranty is backed by the corporate entity rather than store-level operations, providing a credit-supported income stream while ownership secures a replacement tenant or use.
Infill location with broad re-tenanting appeal. The site sits along Airline Drive in a densely developed section of Metairie, with approximately 36,000 vehicles per day, signalized access, and 231,000 residents within five miles. National retailers including Walmart, Home Depot, Chick-fil-A, Raising Cane's, and Walgreens operate nearby, supporting strong demand to backfill the space whether or not it remains a Dollar General.
Signalized hard corner. The property occupies the corner of Airline Drive (US-61) and N. Elm Street, with a traffic signal and crosswalk at the intersection and access from both streets. It offers full visibility to 31,000-36,000 vehicles per day on Airline Drive and convenient ingress and egress - attributes valued by drive-thru and retail tenants. Hard-corner sites are difficult to replicate and typically lease faster than mid-block alternatives.
Over 231,000 residents and 97,000 households sit within five miles, with average household income of $92,390 - above the typical Dollar General profile. That mix of density and middle-class spending power supports steady retail demand and a broad pool of replacement tenants.

Sale description

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.

Published Jun 30, 2026. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.

Location

Loading map…

7505 Airline Drive, Metairie, LA 70003

Pin placed from the listed street address. Site boundaries and conditions are described in the offering memorandum.

Open in Google Maps

Demographics

Population and average household income by radius from the site, as marketed.

Radius from site	Population	Average income
3 Mile	111,310	$87,817
5 Mile	231,544	$92,390
10 Mile	532,168	$94,817

Listing brokers

Listing broker
Corbin Montpas
Managing Partner
(586) 200-0041 corbin@amcreis.com
BB
Broker of record
Brian Brockman
Bang Realty
BROK.0995684990-ASA bor@bangrealty.com

Investment calculator

Model the deal with your own down payment, rate and amortization. NOI, debt service, cash-on-cash return and DSCR update instantly.

Your scenario

Purchase price

USD

Pre-filled from the asking price; adjust to model an offer.

Cap rate

NOI = price × cap rate · marketed NOI $151,924

Down payment$559,720 equity

All-cash at 100%Loan $1,039,480 · LTV 65%

Interest rate

% / yr

Amortization

years

Estimated returns

Equity: $559,720
Loan: $1,039,480

Net operating income (annual): $151,924
Monthly debt payment: $7,182
Annual debt service: $86,183
Cash flow after debt service: $65,741
Cash-on-cash return: 11.75%
Debt service coverage (DSCR): 1.76×

Discuss financing with an advisor

Estimates for Dark Dollar General – Metairie, LA only; not an offer of financing. Lender terms, closing costs, reserves and taxes vary. NNN leases shift operating expenses to the tenant, so NOI is modelled as price × cap rate.