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Dollar General | Corner Location 20 Pineo Point Rd 9,002 SF 100% Leased Retail Building Harrington, ME 04643 $1,801,295 CAD ($200.10 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Large 1.55-acre parcel improved by 9,002 square foot Dollar General prototype (build-to-suit)
- No Landlord responsibilities - tenant is responsible for all real estate taxes, insurance, utilities and maintenance
- 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
- 8+ years remain on original 15-year absolute-net lease with three, five-year options thereafter (10% increases each option)
- The lease is guaranteed by investment grade credit (S&P: BBB/stable outlook) tenant Dollar General (NYSE: DG)
- The offering is ideal for a buyer in a 1031 exchange seeking a management free asset that offers true passive income
EXECUTIVE SUMMARY
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).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,002 SF
Building Class
C
Year Built
2017
Price
$1,801,295 CAD
Price Per SF
$200.10 CAD
Cap Rate
7%
NOI
$126,091 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
1.55 AC
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Dollar General | Corner Location | 20 Pineo Point Rd
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