For Sale
$1,551,311

277 Bath Rd Wiscasset, ME 04578

Maine Retail Property - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a single-tenant, 9,100 square-foot Dollar General store located at 277 Bath Rd, Wiscasset, ME 04578. Built in 2019, this property boasts a 100% occupancy rate under an absolute NNN lease with a remaining term of 9.9 years, expiring October 31, 2034, offering lease options for 4-5 years. The property sits on a 1.63-acre lot in a high-traffic area (over 17,000 cars daily) and generated approximately $2.8 million in gross sales last year, according to Placer AI. The asking price is $1,551,311, representing a compelling $170.47 per square foot and a 7.00% cap rate, with a current NOI of $108,592. This institutional-grade investment offers a strong, stable cash flow and significant upside potential due to the below-market rent and prime location in Wiscasset, approximately 40 miles from Portland and 10 miles from Bath. The property features one single-story building. This is a highly profitable location with a long-term lease, making it an ideal addition to any investment portfolio.

Highlights

  • $1,551,311 asking price for a Dollar General retail property in Wiscasset, ME.
  • Absolute NNN lease with a 9.9-year remaining term expiring October 31, 2034.
  • 7.00% cap rate with a $108,592 net operating income (NOI).
  • 9,100 square feet on a 1.63-acre lot, built in 2019.
  • 100% occupancy since the lease commencement date of October 9, 2019.
  • Located on Route 1 (Bath Road) in Wiscasset, ME, with high traffic counts.

Property Details for 277 Bath Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
71,003 SF

Location Insight

City
Wiscasset
County
Lincoln
State
Maine
Latitude
43.994081844991
Longitude
-69.68661090088

FAQs

What type of property is this?
Retail property - Maine Retail Property - High ROI
Where is the retail property located?
The property is located at 277 Bath Rd Wiscasset, ME.
What is the asking price?
The asking price for this property is $1,551,311.
What are key features of this property?
This property features: $1,551,311 asking price for a Dollar General retail property in Wiscasset, ME.; Absolute NNN lease with a 9.9-year remaining term expiring October 31, 2034.; 7.00% cap rate with a $108,592 net operating income (NOI).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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277 Bath Rd
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