363 Route 3 - Restaurant FOR SALE


China, ME 04358
$2,729,422 USD
857-284-7971
363 Route 3, China, ME for Sale
$2,729,422 USD
Restaurant - FOR SALE
1/7
null | 6.75% Cap Rate

363 Route 3
China, ME 04358


HIGHLIGHTS

  • New 2025 Northeast Construction
  • 5% Rent Bumps Every 5 Years
  • Just 11.5 Miles from Augusta and 14 Miles from Waterville
  • Strong Traffic @ 9,100 ADT

OVERVIEW

CHINA, ME 363 Route 3 features an all new 2025 construction DG prototype building consisting of approximately 9,100 SF sitting directly on Route 3. This location is in an established market just 0.2 miles east south of China Lake and 11.5 miles from Augusta, the state capital of Maine. There is strong daily traffic counts at 9,100 ADT on Route 3. The lease features attractive 5% rent increases every 5 years throughout the lease. The property is ideally located directly on a +/-1.45 acre parcel one of the main connectors heading east and west (RT 3/US 202) connecting Augusta to Belfast and Maine’s midcoast communities. The township is within Kennebec County - 11.5 miles from Augusta, 14 miles from Waterville and 32 miles from Belfast. The nearest Dollar General is is 10.5 miles south in Windsor, 11.3 miles southwest in Augusta and 14 miles north in Waterville. This location will pull from a large established trade area and provide residents and visitors to the lake region a very convenient location allowing Dollar General to offer a wider variety of items including produce, meat and other foods allowing customers closer access to fresh and healthier foods at a convenient location with everyday low prices.

FOR SALE DETAILS

PRICE

$2,729,422 USD

PRICE/SF

$793 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

RA

APN/PARCEL ID

CHIN-000017-000047-D000000

ASK ABOUT THIS PROPERTY

Tim BulmanDistrict Real Estate AdivsorsMore Info
857-284-7971

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Tim BulmanDistrict Real Estate AdivsorsMore Info
857-284-7971

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