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Family Dollar - Hartland, ME

37 Elm Street, Hartland, ME, USA

For Sale

$766,983

Property Description

  • Investment Grade Credit Tenant: Family Dollar holds a BBB rating from S&P, signifying investment-grade credit and reliable payment stability for investors.

  • Limited On-Market Competition: With over 1,000 dollar stores on the market, no Family Dollar locations and only four Dollar Generals are for sale in Maine, making the asset uniquely scarce.

  • Limited Local Competition: Family Dollar is the only nationally owned general store in the region, with its nearest competitor, Dollar General, over 10 miles away.

  • Recreational Hub: Family Dollar is next to the Irving Tanning Community Center, a hub for local events, and near the town hall, Christian school, and church, all generating significant foot traffic.

  • Build-To-Suit: Built-to-suit for the tenant in 2014, the property was fully customized to their specific requirements.

  • Recent 5-Year Extension: The lease was extended in 2023, reflecting the tenant's commitment and success at the location.

  • Significant Increase in Option: Rent increases by 56% in the 2028 option period, offering a significant income boost on renewal.

The Property Profiler - DG - Fayetteville, NC.pptx.png
Offering Memorandum

Property Details

Property Type

NN

Net-Lease

NN

Size

8,000

Acres

0.90

Property Location

37 Elm Street, Hartland, ME, USA

Contact Agent

Alec Marks

(404) 905-2364

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