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Discount

Dollar General

1504 Federal Rd, Livermore, ME 04253

Listing Price: $1,743,878

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.02

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 1504 Federal Road., Livermore, Maine 04253. This investment opportunity is being offered at $1,743,878 which represents a 5.75 percent capitalization rate. The subject property sits on a 1.50-acre 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 4,700 residents living within a five mile radius and approximately 7,700 vehicles passing the store daily. The surrounding population is projected to increase by 2.46 percent through 2026. The store's location is 6 miles away from Turner Highlands Golf Course and 13 miles away from Bowman Field Airport-B10. Livermore, Maine is located in Androscoggin County and sits 30 miles west of Augusta, Maine and 60 miles north of Portland, Maine. Livermore is included in both the Lewiston-Auburn, Maine Metropolitan Statistical Area and the Lewiston-Auburn, Maine Metropolitan New England City and Town Area.

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: $1,743,878

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.02

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 1504 Federal Road., Livermore, Maine 04253. This investment opportunity is being offered at $1,743,878 which represents a 5.75 percent capitalization rate. The subject property sits on a 1.50-acre 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 4,700 residents living within a five mile radius and approximately 7,700 vehicles passing the store daily. The surrounding population is projected to increase by 2.46 percent through 2026. The store's location is 6 miles away from Turner Highlands Golf Course and 13 miles away from Bowman Field Airport-B10. Livermore, Maine is located in Androscoggin County and sits 30 miles west of Augusta, Maine and 60 miles north of Portland, Maine. Livermore is included in both the Lewiston-Auburn, Maine Metropolitan Statistical Area and the Lewiston-Auburn, Maine Metropolitan New England City and Town Area.

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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