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159 Milbridge Rd, Cherryfield, ME, 4622

DOLLAR GENERAL
$1,270,216

Key Information

Cap Rate
7.85%
Tot. SF
9,026
Year Built
2020
Term Remaining
±10 YRS
Type
Retail

Highlights

Lease & Location:

  • 2020 build-to-suit construction for Dollar General
  • Absolute NNN lease with zero landlord responsibilities
  • Limited competition- the nearest dollar store is over ±5 miles away
  • Corporately guaranteed lease from Dollar General Corporation
  • Average household income of $60,331 which is considered to be a sweet spot for Dollar General

Tenant:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.

Photos

Location

Agents

Broker of Record

Brian Brockman

License # DB921170 (ME)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203