326 W Main St - Freestanding FOR SALE


Hyannis, MA 02601
$3,252,000 USD
480-221-4221
326 W Main St, Hyannis, MA for Sale
$3,252,000 USD
Freestanding - FOR SALE
1/8
null | 5% Cap Rate

326 W Main St
Hyannis, MA 02601


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options to Extend | Long-Term Commitment
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Rare Cape Cod Location | Limited Net Lease Availability | Established Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, investment grade (S&P: BBB) Dollar General investment property located in Hyannis, Massachusetts, offering investors a rare opportunity to acquire a net lease asset on Cape Cod. The tenant, DG Retail, LLC, is operating under a 15-year lease that commenced in 2021, with over 9 years remaining in the initial term plus 4 (5-year) options to extend, demonstrating its long-term commitment to the site. The lease features a flat rental rate through the balance of the initial term followed by 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by Dollar General Corporation and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an out-of-state investor.

FOR SALE DETAILS

PRICE

$3,252,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Abs NNN | (S&P: BBB)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

WP

APN/PARCEL ID

HYAN-000269-000000-000159

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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