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Family Dollar 139 Maple St 10,500 SF Retail Building Wisner, LA 71378 $948,000 ($90.29/SF) 8.75% Cap Rate
Investment Highlights
- Newly expanded and remodeled store to become a new Family Dollar Tree combination store
- Low rental rate of just $7.90 per square foot assures store profitability and longevity
- Brand new, 10-year lease expires July 31, 2033
- Corporate has confirmed this newly remodeled store is NOT on the recently announced store closure list
Executive Summary
New completed building expansion and major renovation to become a new Family Dollar Tree combination store. There is a new 10-year lease in place which expires July 31, 2033 with five, 5-year options at 10% rental increases each.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2012
Price
$948,000
Price Per SF
$90.29
Cap Rate
8.75%
NOI
$82,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.07 AC
Zoning
commercial
Property Taxes
| Parcel Number | 0110034200 | Improvements Assessment | $77,003 |
| Land Assessment | $5,000 | Total Assessment | $82,003 |
Property Taxes
Parcel Number
0110034200
Land Assessment
$5,000
Improvements Assessment
$77,003
Total Assessment
$82,003
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Family Dollar | 139 Maple St
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