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Dollar General | Abs NNN | (S&P: BBB) 326 W Main St 9,002 SF Retail Building Hyannis, MA 02601 $4,533,548 CAD ($503.62 CAD/SF) 5% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease | Options to Extend | Long-Term Commitment
- Rare Cape Cod Location | Limited Net Lease Availability | Established Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, investment grade (S&P: BBB) Dollar General investment property located in Hyannis, Massachusetts, offering investors a rare opportunity to acquire a net lease asset on Cape Cod. The tenant, DG Retail, LLC, is operating under a 15-year lease that commenced in 2021, with over 9 years remaining in the initial term plus 4 (5-year) options to extend, demonstrating its long-term commitment to the site. The lease features a flat rental rate through the balance of the initial term followed by 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by Dollar General Corporation and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an out-of-state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,002 SF
Building Class
C
Year Built/Renovated
2020/2021
Price
$4,533,548 CAD
Price Per SF
$503.62 CAD
Cap Rate
5%
NOI
$226,654 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.96 AC
Zoning
WP - Wellhead Protection Overlay District
Parking
34 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
176’ on W Main St.
Amenities
- Corner Lot
- Monument Signage
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | HYAN-000269-000000-000159 | Improvements Assessment | $2,195,815 CAD |
| Land Assessment | $414,042 CAD | Total Assessment | $2,609,857 CAD |
Property Taxes
Parcel Number
HYAN-000269-000000-000159
Land Assessment
$414,042 CAD
Improvements Assessment
$2,195,815 CAD
Total Assessment
$2,609,857 CAD
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Dollar General | Abs NNN | (S&P: BBB) | 326 W Main St
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