139 Maple St, Wisner, LA 71378

Property Details for 139 Maple St

Lot size

1.00 lot acres

Property type

Investment properties

Property subtype

Retail residential properties

APN

110034200

APU

110034200

Description

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.

Location Insight

City

Wisner

County

Franklin

State

Louisiana

Longitude

-91.6545

Latitude

31.9749

Property Tax & Assessments