Property Listing No Longer Available for Sale

Natchez Street & Maple Street

Wisner, LA

Retail for Sale - $772,941 - 8,320 Sq. Ft.


Property Info

CIMLS#431398
Location
  Natchez Street & Maple Street
  Wisner LA 71378
UpdatedJune 11th, 2012
TypeRetail
Price$772,941
Building8,320 Sq. Ft.

Property Description

Bull Realty is pleased to offer this new construction, single tenant, net lease Family Dollar in Wisner, LA. This +/- 8,320 sq ft store, scheduled to open in September of 2012, will be located on the main thoroughfare on Hwy 15, in Wisner. It is offered at an 8.5% cap rate with $65,700 in NOI.

Family Dollar is a favorite retailer in Louisiana, offering value, convenience and national retail brands. Net lease investors are also “bullish” on this highly sought after net tenant which has entered into a 10-year corporate guaranteed NN lease. The lease has six 5-year option periods with 10% increases in each. The Landlord is fully reimbursed for taxes and insurance. The tenant remains responsible for most items except roof and structure.

The subject property is an agricultural community located in Franklin Parish in eastern Louisiana approximately 36 miles south of Interstate 20 and 76 miles north of Alexandria. Within a 15-mile radius, the population is 17,138 with an average household income of $33,740.

Family Dollar is one of the fastest growing discount “small box” retailers in the country with over 7,100 stores in 45 states. Reported net sales for the first quarter of fiscal 2012 (ending November 26, 2011) were up 7.6% with 101 new store openings. The company expects to open approximately 500 stores in 2012.

Please contact Nancy or Sheree for additional details regarding this property.

Please Contact:

Nancy Miller

Nancy@BullRealty.com

404.876.1640 x 118

LA License #995683059

Sheree Strome Berk

Sheree@BullRealty.com

404.876.1640 x 122