406 Main St - Freestanding FOR SALE


Bingham, ME 04920
$1,303,600 USD
332-345-4222
406 Main St, Bingham, ME for Sale
$1,303,600 USD
Freestanding - FOR SALE
1/2
null | 8% Cap Rate

406 Main St
Bingham, ME 04920


HIGHLIGHTS

  • Investment Grade Guarantee | The lease is subject to a corporate guarantee from Dollar General (NYSE: DG)
  • Absolute Triple Net (NNN) Lease | This Dollar General is subject to an original fifteen year, absolute triple net (NNN) lease
  • Build-to-Suit Buildng

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Dollar General located at 406 Main Street, Bingham, Maine 04920. The site consists of roughly 9100 rentable square feet of building space on an estimated 1.7-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 10/31/2018. The current annual rent is $104,288 and has scheduled increases of 10.00% at Each Period.

FOR SALE DETAILS

PRICE

$1,303,600 USD

PRICE/SF

$143 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

C

APN/PARCEL ID

BING-000002-000000-000004

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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