20 Pineo Point Rd - Storefront FOR SALE


Harrington, ME 04643
$1,290,400 USD
202-777-2005
20 Pineo Point Rd, Harrington, ME for Sale
$1,290,400 USD
Storefront - FOR SALE
1/4
null | 7% Cap Rate

20 Pineo Point Rd
Harrington, ME 04643


HIGHLIGHTS

  • Large 1.55-acre parcel improved by 9,002 square foot Dollar General prototype (build-to-suit)
  • 8+ years remain on original 15-year absolute-net lease with three, five-year options thereafter (10% increases each option)
  • No Landlord responsibilities - tenant is responsible for all real estate taxes, insurance, utilities and maintenance
  • The lease is guaranteed by investment grade credit (S&P: BBB/stable outlook) tenant Dollar General (NYSE: DG)
  • Dollar General boasted $37.88 billion in revenue in fiscal year 2023 (10.59% increase from 2022) - DG ranks #111 on Fortune 500’s May 2024 list
  • The offering is ideal for a buyer in a 1031 exchange seeking a management free asset that offers true passive income

OVERVIEW

Offered for sale is an absolute net leased Dollar General in Harrington, Maine. Addressed 20 Pineo Point Road, Harrington, Maine 04643 and consisting of 9,002 square feet on 1.55 acres, the property is ideally positioned at the intersection of U.S. Route 1A and Pineo Point Road. The offering is a rare opportunity to acquire an absolute net-leased asset backed by a strong corporate guarantee; with limited trade competition in the surrounding market (no other discount stores within an approximately ten-minute drive of the property).

FOR SALE DETAILS

PRICE

$1,290,400 USD

PRICE/SF

$143 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Corner Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rich SilleryMonument Realty LLCMore Info
202-777-2005

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Rich SilleryMonument Realty LLCMore Info
202-777-2005

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