37 Elm St - Freestanding FOR SALE


Hartland, ME 04943
$766,983 USD
800-385-6421
37 Elm St, Hartland, ME for Sale
$766,983 USD
Freestanding - FOR SALE
1/3
null | 8.21% Cap Rate

37 Elm St
Hartland, ME 04943


OVERVIEW

Investment Grade Credit Tenant: Family Dollar holds a BBB rating from S&P, signifying investment-grade credit and reliable payment stability for investors. Limited On-Market Competition: With over 1,000 dollar stores on the market, no Family Dollar locations and only four Dollar Generals are for sale in Maine, making the asset uniquely scarce. Limited Local Competition: Family Dollar is the only nationally owned general store in the region, with its nearest competitor, Dollar General, over 10 miles away. Recreational Hub: Family Dollar is next to the Irving Tanning Community Center, a hub for local events, and near the town hall, Christian school, and church, all generating significant foot traffic. Build-To-Suit: Built-to-suit for the tenant in 2014, the property was fully customized to their specific requirements. Recent 5-Year Extension: The lease was extended in 2023, reflecting the tenant's commitment and success at the location. Significant Increase in Option: Rent increases by 56% in the 2028 option period, offering a significant income boost on renewal.

FOR SALE DETAILS

PRICE

$766,983 USD

PRICE/SF

$96 USD /SF

CAP RATE

8.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Commercial

APN/PARCEL ID

HRLN-000018-000000-000043

ASK ABOUT THIS PROPERTY

Gregory FitzgeraldTri-Oak Consulting GroupMore Info
800-385-6421

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Gregory FitzgeraldTri-Oak Consulting GroupMore Info
800-385-6421

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