86 Cottage St - Supermarket FOR SALE
Bar Harbor, ME 04609 |
$16,556,085 USD
214-295-8565
86 Cottage St
Bar Harbor, ME 04609
HIGHLIGHTS
- ATTRACTIVE TOURIST DESTINATION – Bar Harbor is one of the northeast’s most scenic and highly visited destinations.
- EXCLUSIVE MARKET POSITION – The only grocery store in the area, ensuring limited competition and a dominant market presence.
- CONSISTENT, PASSIVE INCOME STREAM – The absolute NNN ground lease structure provides reliable, passive income with zero landlord responsibilities.
- STRONG LOCAL DEMOGRAPHICS – $100.5K avg. household income within 5 miles signals a stable, educated community.
- ESTABLISHED, LONG-TERM TENANT – Hannaford has been a tenant since 1968 and has more than 25 years remaining on the lease.
- ROBUST LEASE SECURITY – The lease is backed by Hannaford Bros Co., one of the largest grocers in the Northeast, providing strong financial stability.
FOR SALE DETAILS
PRICE
$16,556,085 USD
PRICE/SF
$619 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hannaford Bros.
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2 AC
LAND SF
87,120 SF
ZONING
-
APN/PARCEL ID
BARH-000104-000000-000242
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214-295-8565
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214-295-8565
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