39 Main St - Freestanding FOR SALE


Canaan, ME 04924
$1,906,667 USD
781-776-4003
39 Main St, Canaan, ME for Sale
$1,906,667 USD
Freestanding - FOR SALE
1/5
null | 7.5% Cap Rate

39 Main St
Canaan, ME 04924


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Investment Grade Credit
  • Limited Competition
  • Dominant Market-Share Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction freestanding Dollar General investment property located at 39 Main Street (US Route 2) in Canaan, Maine (the “Property”). Dollar General has a 15-year Absolute Net Lease with four (4), 5-year renewal options. The lease features attractive 5% rent increases every five years throughout the primary lease term and at the start of each renewal option. The Property is located at the intersection of Oak Pond Road and Main Street (US Route 2), the area’s primary commercial and commuter corridor. Dollar General benefits from outstanding visibility and frontage and is the main shopping destination in Canaan. The Property is 1 mile from ME Route 23 and is positioned between Showhegan and Pittsfield, which offer retail and dining amenities, schools, employment opportunities and hospitals. Additionally, Dollar General is approximately 40 miles from Augusta and 45 miles from Bangor.

FOR SALE DETAILS

PRICE

$1,906,667 USD

PRICE/SF

$179 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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