406 Main StBingham, ME 04920
- Retail properties
- 9,100 SF
Property Details for 406 Main St
- Year built
- 2018
- Lot size
- 1.70 AC
- Property size (Sq ft)
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,100 square foot Dollar General store in Bingham, Maine. Built in 2018, this single-story building sits on a 1.7-acre lot and is currently operating under a 15-year absolute NNN lease with a corporate guarantee, providing zero landlord responsibilities. The lease commenced October 31, 2018, and has 9 years remaining, with 10% rent bumps at the start of each option period. The property boasts a 7.50% cap rate and a strong NOI of $104,288. Located at 406 Main St, Bingham, ME 04920, this strategically positioned store serves as the only Dollar General within a 30-mile radius, benefiting from its proximity to North Country Rivers, a major outdoor adventure resort. The property's oversized lot and recent construction, combined with the tenant's investment-grade credit and the essential nature of its retail business, make this a compelling investment opportunity in a growing Maine economy experiencing significant clean energy investment. The offering memorandum provides complete lease details.
Location Insight
- City
- Bingham
- County
- Somerset
- State
- Maine
- Latitude
- 45.0642
- Longitude
- -69.8835
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].