For Sale
$1,127,780

57 Houlton RdBaileyville, ME 04694

High-yield, NNN-leased retail property

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple ownership of a 9,160-square-foot Dollar General store located at 57 Houlton Rd, Baileyville, ME 04694. Built in 2018, this single-tenant property boasts a strong 8.2 years remaining on a 15-year absolute NNN lease, offering significant passive income with zero landlord responsibilities. The lease includes four 5-year renewal options with a 10% rent increase in each option period, ensuring consistent growth in rental income. The property sits on a 1.27-acre lot and benefits from a high occupancy rate of 100%, generating a substantial net operating income (NOI) of $86,838, resulting in a compelling 7.70% cap rate. The tenant, Dollar General, is a credit-rated corporation with an S&P rating of BBB and operates over 20,000 locations, providing exceptional financial stability and security. Strategically positioned near the intersection of Houlton Rd and Airline Rd, with combined traffic counts exceeding 7,600 vehicles per day, this property enjoys a prime location and serves as the primary source of retail goods in the area, being the only dollar store within a 5-mile radius. The asking price is $1,127,780, translating to a price per square foot of $123.12 and a price per unit of $1,127,780. This represents a rare opportunity to acquire a well-performing, low-maintenance retail investment with significant long-term potential.

Highlights

  • Fee-simple ownership of a 9,160 SF Dollar General store built in 2018.
  • 8+ years remaining on a 15-year absolute NNN lease with four 5-year renewal options, each with a 10% rent increase.
  • Absolute NNN lease; zero landlord responsibilities.
  • Only Dollar General within a 5-mile radius, serving as the primary retail source in the area.
  • High-traffic location near the intersection of Houlton Rd and Airline Rd (7,600+ VPD).
  • Strong corporate guarantee from Dollar General (S&P rating: BBB; 20,000+ locations).

Property Details for 57 Houlton Rd

Property type
Specialty properties, Retail properties
Square Feet
9,160 SF
Year Built
2018
Buildings
1
Lot Size (sq. ft)
55,321 SF
Units
1

Location Insight

City
Baileyville
County
Washington
State
Maine
Latitude
45.1233661
Longitude
-67.3500187
57 Houlton Rd, Baileyville, Maine

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57 Houlton Rd
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