8% Cap Rate Family Dollar Investment

Retail-Commercial for Sale
Catylist Listing ID: 30832565
Property Subtypes: Convenience Store, Free-Standing Building
Building Size (RSF): 8,000 SF
Gross Land Area: 0.90 Acres
Sale Price: $795,000
Unit Price: $99.38 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Family Dollar
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 7/10/2024

Overview / Comments

8,000+/- SF leased to Family Dollar, Inc. with corporate guarantee. NASDAQ: DLTR
Build-to-suit on 0.90± AC site constructed in 2014
Single-tenant NN leased investment opportunity
Recent 5-year extension showing commitment to the store and community
Limited Retail Competition - Family Dollar is the Only National Retail Tenant Located within the Town
15 minutes to Pittsfield and I-95 Exit 150
Just South of intersection of Routes 151, 23, and 152

Sale Price: $795,000 (8.0% Cap Rate)

Current Tenants

Tenant Business Name Family Dollar
Is Renting? Yes
Current Rent $75,000 PSF (Annual)
Lease Expiration 3/0031

Additional Details

Nearest MSA: Bangor
County: Somerset
Submarket/Township: Waterville/Augusta
Tax ID/APN: 18/43
Zoning: N/A
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2014
Lot Frontage: 1

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Demographic Statistics

Proximity: 5 miles
Total Population: 5,773
Median Age: 44.21
Households: 2,356


Photograph of Listing Agent

Timothy J. Millett, CCIM

Porta & Company NECPE Member
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