Former Dollar Store
Property benefits from proximity to major highways/residential areas
Marketing description
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Former Dollar General at 4515 Old Gentilly Rd, New Orleans, LA 70126 presents a compelling value-add retail opportunity in one of New Orleans’ most active commercial corridors. This vacant ±9,034 SF freestanding building, originally built in 2009, sits on an approximately ±0.914-acre site and offers exceptional repositioning potential for investors, owner-users, or retailers seeking a highly visible location. Positioned along Old Gentilly Road with traffic counts of approximately 33,300 vehicles per day and immediate access to I-10, where traffic exceeds ±173,100 vehicles per day, the site benefits from outstanding connectivity and exposure. Surrounded by major national retailers and drivers including Walmart, Home Depot, Family Dollar, Burger King, Popeyes, AutoZone, and Harbor Freight, the property is located in a proven retail trade area with strong consumer activity. Its proximity to Downtown New Orleans, nearby schools, and Delgado Community College further enhances long-term demand and redevelopment appeal. This is a rare opportunity to acquire a former national-credit retail location with strong fundamentals and significant upside in a dynamic New Orleans market.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
- Close of Escrow: 6/30/2026
4515 Old Gentilly Rd, New Orleans, LA 70126
Investment highlights
LA Auctioneer: Stephen Dawson, LA-2249 Crexi, LA AB-565
- Tenant/Credit Strength - Former National Tenant: Previously occupied by Dollar General, a national credit tenant, offering a proven retail location for potential new tenants
- Physical/Site Advantages -Ample parking - site offers +/- 37 Spaces
- Value-Add/Upsides - Vacant and Auction-Ready: Currently vacant and available for auction on Crexi, presenting a prime opportunity for investors to reposition the asset and secure a new tenant
- Surrounding Retail Tenancy - Active Retail Corridor: The property is surrounded by a variety of retail tenants, including Walmart, Home Depot, and Family Dollar, creating a vibrant shopping environment and driving consistent foot traffic
- Location/Trade Area Advantage - Strategic New Orleans Location: Located on Old Gentilly Road in New Orleans, LA, this property benefits from proximity to major highways and residential areas, enhancing its appeal to a wide range of retail tenants
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