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Discount

Dollar General

10 Town House Rd, Union, ME 04862

Listing Price: $2,100,174

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$13.27

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 10 Town House Road, Union, Maine 04862. This investment opportunity is being offered at $2,100,174 which represents a 5.75 percent capitalization rate. The subject property sits on an astounding 6.88-acre, 4 way corner lot parcel and consists of 9,100 rentable square feet. Built-to-suit in 2017, Dollar General is subject to an original 15 year absolute net lease agreement which currently runs through October 31, 2032. The tenant has four-five year renewal options, each containing a 10 percent increase in rent. Dollar General is responsible for taxes, insurance, repairs and maintenance, which make this a truly passive income stream for any investor. This property benefits from ideal dollar store demographics with nearly 4,800 residents living within a five mile radius and approximately 5,800 vehicles passing the store daily. The surrounding population is projected to increase by 2.46 percent through 2026 and this is the only Dollar General within a 16-mile radius. The store's location is less than a mile away from Fairgrounds Lane where the Maine Antiques Festival takes place every August. Union, Maine is located in Knox County and sits 30 miles east of Augusta, Maine and 80 miles northeast of Portland, Maine. Union is home to the Matthews Museum of Maine Heritage and annual Union Fair.

Investment Highlights

  • Absolute Net Lease With 10.5 Years Remaining
  • Passive Income Stream With No Landlord Responsibilities
  • Four, Five-Year Options Remaining With 10% Rental Increases

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s) ME: DB904355

    Maine

Discount

Dollar General

Listing Price: $2,100,174

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$13.27

Investment Highlights

  • Absolute Net Lease With 10.5 Years Remaining
  • Passive Income Stream With No Landlord Responsibilities
  • Four, Five-Year Options Remaining With 10% Rental Increases

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 10 Town House Road, Union, Maine 04862. This investment opportunity is being offered at $2,100,174 which represents a 5.75 percent capitalization rate. The subject property sits on an astounding 6.88-acre, 4 way corner lot parcel and consists of 9,100 rentable square feet. Built-to-suit in 2017, Dollar General is subject to an original 15 year absolute net lease agreement which currently runs through October 31, 2032. The tenant has four-five year renewal options, each containing a 10 percent increase in rent. Dollar General is responsible for taxes, insurance, repairs and maintenance, which make this a truly passive income stream for any investor. This property benefits from ideal dollar store demographics with nearly 4,800 residents living within a five mile radius and approximately 5,800 vehicles passing the store daily. The surrounding population is projected to increase by 2.46 percent through 2026 and this is the only Dollar General within a 16-mile radius. The store's location is less than a mile away from Fairgrounds Lane where the Maine Antiques Festival takes place every August. Union, Maine is located in Knox County and sits 30 miles east of Augusta, Maine and 80 miles northeast of Portland, Maine. Union is home to the Matthews Museum of Maine Heritage and annual Union Fair.

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s): ME: DB904355

    Maine

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