For Sale
$975,882.35

139 Maple StWisner, LA 71378

High-return, net-leased retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a newly expanded 10,500-square-foot Family Dollar/Dollar Tree combination store in Wisner, Louisiana. Located at 139 Maple St, Wisner, LA 71378, this single-story building sits on a 1.076-acre lot. The property boasts a new ten-year lease (commencing August 1, 2023, and expiring July 31, 2033), offering a remaining lease term of approximately 8.7 years. The lease is a double net (NN+) structure with minimal landlord responsibilities, providing a secure and low-maintenance investment. Family Dollar corporate has confirmed this location is not on their recently announced closure list. The store's recent expansion to 10,500 square feet has resulted in a 20% average sales increase compared to traditional single-brand Family Dollar stores. The asking price is $975,882.35, representing an attractive 8.5% capitalization rate and a price per square foot of $92.94. The property is offered fee simple and includes five, five-year lease options. The property's strong tenant (Family Dollar, backed by a corporate guarantee) and favorable lease terms make this a compelling investment opportunity in a stable market. The original building was constructed in 2012 and initially comprised 8,320 square feet. The property is situated in Franklin Parish, approximately 60 miles southeast of Monroe, 75 miles northeast of Alexandria, Louisiana, and 40 miles north of Natchez, Mississippi. The current Net Operating Income (NOI) is $82,950. This property is 100% occupied.

Highlights

  • $975,882.35 asking price, representing an 8.5% cap rate.
  • Newly expanded Family Dollar/Dollar Tree combination store; average sales 20% higher than single-brand Family Dollar stores.
  • Family Dollar corporate confirms this location is not on the announced closure list.
  • New ten-year lease.
  • Double net lease with minimal landlord responsibilities.
  • Recently expanded to 10,500 square feet.

Property Details for 139 Maple St

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
46,871 SF

Location Insight

City
Wisner
County
Franklin Parish
State
Louisiana
Latitude
31.974984182031
Longitude
-91.655075275218
139 Maple St, Wisner, Louisiana

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139 Maple St
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