Catylist ID:
#30650433
| Catylist Listing ID: | 30650433 |
| Property Subtypes: | Free-Standing Building |
| Status: | Pending |
| Building Size (RSF): | 9,376 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $650,000 |
| Unit Price: | $69.33 PSF |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/5/2021 |
Overview / Comments
|
PRICE REDUCTION! - 9,376 SF leased to Family Dollar, Inc. - 0.88 AC site along Route 1 - Single-tenant investment opportunity - Modified Gross lease with strong tenant since 2003 - 14,130 average daily traffic count (MEDOT 2017) - Recession and pandemic protected tenant - Rockland is Maine's most up and coming city; boasting a diverse and vibrant local economy. - Sale Price: $650,000 (9.36% cap or $69/SF) |
Attachments & Media
Current Tenants
| Tenant Business Name | Family Dollar, Inc. |
| Is Renting? | Yes |
| Current Rent | $8 PSF (Annual) |
| Lease Expiration | 6/0030 |
Additional Details
| Nearest MSA: | Augusta-Waterville |
| County: | Knox |
| Submarket/Township: | ME-Other |
| Tax ID/APN: | 51A7 |
| Zoning: | COMMERCIAL (C-1) |
| Site Description: | 100 ft of frontage on Route 1 14,130 average daily traffic count (MEDOT 2017) |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Year Built: | 1977 |
| Roof Type: | Flat |
| Parking Type: | Surface |
| Parking Description: | 30+ dedicated surface parking spots |
| Lot Frontage: | 101 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,021 | 10,568 | 14,673 |
| Median Age: | 42.63 | 44.5 | 45.45 |
| Households: | 2,835 | 4,910 | 6,669 |
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