Family Dollar 9.36% Cap

Retail-Commercial for Sale
Sale Pending
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

- 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)

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

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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


Photograph of Listing Agent

Timothy J. Millett

Porta & Company NECPE Member
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