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Dollar General 39 Main St 10,640 SF Retail Building Canaan, ME 04924 $2,661,555 CAD ($250.15 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease
- Minimal Management Responsibilities
- Limited Competition
- Attractive Rent Increases
- Investment Grade Credit
- Dominant Market-Share Location
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction freestanding Dollar General investment property located at 39 Main Street (US Route 2) in Canaan, Maine (the “Property”). Dollar General has a 15-year Lease with four (4), 5-year renewal options. The lease features attractive 5% rent increases every five years throughout the primary lease term and at the start of each renewal option. The Property is located at the intersection of Oak Pond Road and Main Street (US Route 2), the area’s primary commercial and commuter corridor. Dollar General benefits from outstanding visibility and frontage and is the main shopping destination in Canaan. The Property is 1 mile from ME Route 23 and is positioned between Showhegan and Pittsfield, which offer retail and dining amenities, schools, employment opportunities and hospitals. Additionally, Dollar General is approximately 40 miles from Augusta and 45 miles from Bangor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2025
Price
$2,661,555 CAD
Price Per SF
$250.15 CAD
Cap Rate
7.50%
NOI
$199,617 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar General
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar General | Retailer | - | - | - |
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Dollar General | 39 Main St
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