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Dollar General 159 Milbridge Rd 9,026 SF Retail Building Cherryfield, ME 04622 $1,730,237 CAD ($191.69 CAD/SF) 7.85% Cap Rate
Investment Highlights
- 2020 build-to-suit construction for Dollar General
- Limited competition- the nearest dollar store is over ±5 miles away
- Average household income of $60,331 which is considered to be a sweet spot for Dollar General
- Absolute NNN lease with zero landlord responsibilities
- Corporately guaranteed lease from Dollar General Corporation
Executive Summary
Broker of Record
Brian Brockman
License # DB921170 (ME)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Brian Brockman
License # DB921170 (ME)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Year Built
2019
Price
$1,730,237 CAD
Price Per SF
$191.69 CAD
Cap Rate
7.85%
NOI
$135,824 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Parking
27 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
228’ on Milbridge Road
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Jan 2035
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 2035 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | CHRY-000002U-000000-000015 | Improvements Assessment | $909,378 CAD |
| Land Assessment | $67,972 CAD | Total Assessment | $977,350 CAD |
Property Taxes
Parcel Number
CHRY-000002U-000000-000015
Land Assessment
$67,972 CAD
Improvements Assessment
$909,378 CAD
Total Assessment
$977,350 CAD
(214) 347-7988
x4188
Contacts
-
Wyatt Wagner -
Scotty Latimer -
Josh Bishop -
Matthews Real Estate Investment Services
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Dollar General | 159 Milbridge Rd
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