138 Main StNorway, ME 04268

This exceptional investment opportunity presents a 16,363 square foot retail property located at 138 Main St, Norway, ME 04268. The property consists of two buildings situated on one acre of land and is currently 100% occupied by a strong regional tenant, Aubuchon Hardware, under a triple-net (NNN) lease. The lease commenced January 1st, 2004, and expires December 31st, 2030, with a remaining term of approximately 6.1 years. The lease includes two five-year renewal options, extending the potential lease term to 2040. The current annual net operating income (NOI) is $100,039, with attractive 2% annual rent increases built into the lease. The asking price is $1,307,693, representing a cap rate of 7.65% and a price per square foot of $79.92. The tenant has a long-standing operational history at this location since 2004, demonstrating a commitment to the site and the community. This property offers a compelling investment opportunity for buyers seeking stable, passive income from a well-established tenant in a desirable location with limited competition. The current rent is considered below market value, presenting further upside potential. The limited landlord responsibilities inherent in the NNN lease structure contribute to headache-free ownership.