1022 Western Ave - Storefront FOR SALE


Manchester, ME 04351
$1,531,000 USD
415-274-2705
1022 Western Ave, Manchester, ME for Sale
$1,531,000 USD
Storefront - FOR SALE
1/5
null | 7.75% Cap Rate

1022 Western Ave
Manchester, ME 04351


HIGHLIGHTS

  • Single-tenant Dollar General with a corporate-backed absolute NNN lease — zero landlord maintenance or expense responsibilities
  • ±6.5 years remaining in the initial 15-year term, expiring January 31, 2032
  • Three (3) five-year renewal options, each with 10% rent increases
  • Dollar General Corporation (NYSE: DG) — Fortune 500, investment-grade BBB rating (S&P), 21,000+ locations nationwide
  • Positioned along Western Avenue (U.S. Route 202), the primary retail corridor in the trade area
  • Strong daily traffic counts of ±18,496 vehicles per day (CoStar)

OVERVIEW

This corporate-leased Dollar General has ±6.5 years remaining on its 15-year absolute NNN lease. Positioned on Western Avenue (U.S. Route 202), Manchester’s primary commercial corridor, the property offers excellent visibility, strong traffic counts, and easy access. Just 5.5 miles from Downtown Augusta, the location benefits from a stable regional economy anchored by government, healthcare, and education, ensuring consistent customer demand.

FOR SALE DETAILS

PRICE

$1,531,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jack NavarraCP Partners CREMore Info
415-274-2705

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Jack NavarraCP Partners CREMore Info
415-274-2705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.