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Family Dollar BTS | New Orleans Suburb 1609 Ames Blvd 9,180 SF Retail Building Marrero, LA 70072 $2,180,811 CAD ($237.56 CAD/SF) 8.01% Cap Rate
Investment Highlights
- Lease through 2032
- 9180 Rentable SF
- Steady income and population growth in the area over
- Excellent traffic counts - 27,000 vehicles a day
- Built 2014, renovated 2020
Executive Summary
Strong 8% cap rate, NN
One of the region’s highest performing locations
Lease on this location just renewed through June 2032, guaranteed by Family Dollar
5 REMAINING RENEWAL OPTIONS WITH 7.5% BUMPS EACH
172’ Frontage on Ames Blvd
Founded in 1959, Family Dollar remains a key part of the US retail landscape, operating over 8,000 locations throughout the country, with 264 currently in Louisiana alone.
Formerly a sister brand of Dollar General, Family Dollar is now a standalone brand under distinct ownership.
Location underwent interior renovation in 2020
One of the region’s highest performing locations
Lease on this location just renewed through June 2032, guaranteed by Family Dollar
5 REMAINING RENEWAL OPTIONS WITH 7.5% BUMPS EACH
172’ Frontage on Ames Blvd
Founded in 1959, Family Dollar remains a key part of the US retail landscape, operating over 8,000 locations throughout the country, with 264 currently in Louisiana alone.
Formerly a sister brand of Dollar General, Family Dollar is now a standalone brand under distinct ownership.
Location underwent interior renovation in 2020
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$174,603
|
$19.02
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $174,603 |
| Annual Per SF | $19.02 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2014
Price
$2,180,811 CAD
Price Per SF
$237.56 CAD
Cap Rate
8.01%
NOI
$174,603 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.07 AC
Zoning
C-1 - COMMUNITY BUSINESS
Parking
28 Spaces (3.05 Spaces per 1,000 SF Leased)
Frontage
172’ on Ames Blvd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,180 SF
- $19.01 CAD
- Double Net
- May 2032
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 9,180 SF | $19.01 CAD | Double Net | May 2032 |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0420002584 | Improvements Assessment | $228,353 CAD |
| Land Assessment | $51,139 CAD | Total Assessment | $279,492 CAD |
Property Taxes
Parcel Number
0420002584
Land Assessment
$51,139 CAD
Improvements Assessment
$228,353 CAD
Total Assessment
$279,492 CAD
Contacts
-
Martin Goldstein -
Russell Goldstein -
The Goldstein Group (MRG Associates, LLC)
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Family Dollar BTS | New Orleans Suburb | 1609 Ames Blvd
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