277 Bath RdWiscasset, ME 04578
- Retail properties
- 9,100 SF
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
- Grocery and convenience stores
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.
Location Insight
- City
- Wiscasset
- County
- Lincoln
- State
- Maine
- Latitude
- 43.9941
- Longitude
- -69.6866
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