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Family Dollar 139 Maple St 10,500 SF Retail Building Wisner, LA 71378 $1,298,485 CAD ($123.67 CAD/SF) 8.75% Cap Rate
Investment Highlights
- Dark former expanded Family Dollar store
- Low rental rate of just $7.90 per square foot assures store profitability and longevity
- 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
Former Family Dollar expanded property. There is a 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
$1,298,485 CAD
Price Per SF
$123.67 CAD
Cap Rate
8.75%
NOI
$113,617 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.07 AC
Zoning
commercial
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0110034200 | Improvements Assessment | $105,051 CAD |
| Land Assessment | $6,821 CAD | Total Assessment | $111,872 CAD |
Property Taxes
Parcel Number
0110034200
Land Assessment
$6,821 CAD
Improvements Assessment
$105,051 CAD
Total Assessment
$111,872 CAD
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Family Dollar | 139 Maple St
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