139 Maple Street, Wisner, LA
Retail for Sale - $774,900 - 8,320 Sq. Ft. on 1.07 acres
Property Info
CIMLS# | 741674 |
Location 139 Maple Street Wisner LA 71378 | |
Updated | August 12th, 2015 |
Type | Retail |
Price | $774,900 |
Building | 8,320 Sq. Ft. |
Land | 1.07 acres |
Property Description
Bull Realty is pleased to offer this outstanding cap rate for this single tenant, net lease Family Dollar in Wisner, Louisiana. This +/- 8,320 sq ft store, opened in September of 2012. This NN lease is offered at a RARELY SEEN high 8.5% cap rate with $65,700 in NOI. The current lease term runs through June of 2024 and has six 5-year options with 10% increases in each period. The Landlord is fully reimbursed for taxes and insurance. The tenant remains responsible for most items except roof and structure.
The Family Dollar in Wisner is located on the main four lane thoroughfare, Highway 15. Wisner is an agricultural community in Franklin Parish in northeastern Louisiana approximately 36 miles south of Interstate 20 and 76 miles north of Alexandria. It is located midway between Shreveport, LA and Jackson, MS.
Within a 15-mile radius, the population is 17,237 with an average household income of $43,571 which makes this location a strong fit for the typical demographics sought by Family Dollar, a favorite retailer in Louisiana. The recent acquisition of Family Dollar by Dollar Tree further strengthens the brand and opportunity to increase synergies in the world of the discount small box retailer.
For more information, please contact Nancy Miller or Will Jackel.
Nancy Miller
Bull Realty, Inc.
404-876-1640 ext. 118
NMiller@BullRealty.com
Will Jackel
Bull Realty, Inc.
404-876-1640 ext. 173
WJackel@BullRealty.com