277 Bath RdWiscasset, ME 04578

  • Retail properties
  • 9,100 SF
For Sale
$1,551,311 View listing

Property Details for 277 Bath Rd

Year built
2019
Lot size
1.63 AC
Property size (Sq ft)
9,100 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

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.

277 Bath Rd, Wiscasset, Maine

Location Insight

City
Wiscasset
County
Lincoln
State
Maine
Latitude
43.9941
Longitude
-69.6866

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