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Views: 153 DOM: 352 Updated: 11.15.24 Posted: 01.04.24 Status: Active

Summary

Price $1,390,000
Built/Renov 2018
Tenant Dollar General
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 10-31-2018
#Units 19,986
Price/SF $152.75
Expiration 10-31-2033
Tenant Type Dollar/Discount
NOI $104,288
R. Term 8.10
Ownership Fee Simple
Rent/SF $11.46
Increases 10.0%/9/yrs
Pop 5Mi 1,380
Lot/AC 1.70
Options 3/5yrs/10%
AHHI 5Mi $53,849

Lease Highlights

  • Dollar General has 8+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Hwy 201, with access to 5,828 vehicles passing by daily. This prime location is further enhanced by the limited competition in the vicinity. Additionally, the property is conveniently situated less than two miles from North Country Rivers, one of Maine's premier outdoor adventure vacation resorts. It is also adjacent to community establishments such...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 715 1,125 1,362
2023 Total Population : 724 1,139 1,380
2023 Employed Civilian Pop : 277 429 523
2023 Total Businesses : 43 57 65
2023 Average Household Income : $ 54,512 $ 53,804 $ 53,849
2023 Total Consumer Spending : $ 16 M $ 24 M $ 30 M
2023 Median Age : 52 52 52
2023 Total Households : 327 516 638
2023 Pop Age 25+: Bachelor's Degree : 72 115 141
2023 Average Home Value : $ 113,015 $ 117,965 $ 123,699
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Old Canada Road US Hwy 201 2020 18 0.10 mi
Jackman Road Bates St 2022 2,560 0.14 mi
Nichols Hill Road Old Canada Rd 2022 40 0.14 mi
Mayfield Road High St 2017 1,120 0.16 mi
Mayfield Road Jackman Rd 2020 528 0.17 mi
Old Rte 16 Austin Dr 2019 30 0.18 mi
Main Street State Rte 16 2020 18 0.18 mi
Austin Drive Bates St 2020 102 0.20 mi
Main Street Bates St 2017 4,070 0.27 mi
Collins Street Whitney St 2020 17 0.27 mi

Listing Broker

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