37 Elm St - Freestanding FOR SALE


Hartland, ME 04943
$919,000 USD
303-884-6659
37 Elm St, Hartland, ME for Sale
$919,000 USD
Freestanding - FOR SALE
1/6
null | 9% Cap Rate

37 Elm St
Hartland, ME 04943


HIGHLIGHTS

  • Over 5 Years Remaining | Corporate Guaranteed | Recent Lease Extension | Scheduled Rental Increases
  • Gross Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Excellent Access & Visibility | Extremely Limited Competition | Nearby Hartland Grocery
  • Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant recently extended their lease and has over 5 years remaining with 7 (5-year) option periods to extend, helping demonstrate long term commitment to the site • Lease is corporate guaranteed by Family Dollar, LLC • Family Dollar has scheduled rental increases throughout the initial term and option periods • Features a 27% rental increase in April 2028, a 23% increase at the beginning of the first option, and 10% increases at the beginning of each option thereafter

FOR SALE DETAILS

PRICE

$919,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

GD

APN/PARCEL ID

HRLN-000018-000000-000043

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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