Tenant-Leased NNN Retail
For Sale
Contact for pricing
10 Tibbetts Dr, Brunswick, ME 04011
Leased to TD Bank and two additional operators near Walmart, Lowe’s, T.J. Maxx, and Staples.
Property Size20,827 SF
Price / SF$350.27
Days on Market188
Property Features for 10 Tibbetts Dr
General Information
Standard status
Active
Size
20,827 SF
Property subtype
RETAIL
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
F.O. Bailey Real Estate
(207) 409-8339
Listed By:
Thomas Gadbois · License #BA918504
(207) 409-8339
Source:
Moodyscre
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.O. Bailey Real Estate
Investment Insights
Based on property information with market context.
This 20,827-square-foot NNN retail building at 10 Tibbetts Dr in Brunswick, Maine, is leased to TD Bank, Riverview Martial Arts, and Brunswick’s Best After School & Summer Camp. The property is identified as a Class A retail building and accommodates three established occupants under an NNN lease structure.
The property is in close proximity to Walmart, Lowe’s, T.J. Maxx, and Staples, placing the building within a retail setting anchored by nationally recognized retailers. Its tenant mix combines banking, martial arts, and after-school and summer camp uses within a single commercial property.
The property is in close proximity to Walmart, Lowe’s, T.J. Maxx, and Staples, placing the building within a retail setting anchored by nationally recognized retailers. Its tenant mix combines banking, martial arts, and after-school and summer camp uses within a single commercial property.
Key Highlights
- 20,827 +/- SF NNN retail building
- Leased to TD Bank, Riverview Martial Arts, and Brunswick’s Best After School & Summer Camp
- Class A retail building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$233,367
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,667,340
$4.7M
Cap Rate 7%
$3,333,814
$3.3M
Cap Rate 9%
$2,592,967
$2.6M
Market Conditions
NOI Build-Up for 20,827 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$374.9K $18.00/SF
− Vacancy
−$63.7K −$3.06/SF
EGI
$311.2K $14.94/SF
− OpEx
−$77.8K −$3.74/SF
NOI
$233.4K $11.21/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,667,340
Cap Rate 7%
$3,333,814
Cap Rate 9%
$2,592,967
Alternative Uses
Best Use
Specialty Retail
$3.33M
$2.92M – $3.89M
NOI $233,367 @ 7.0% cap · market cap 3.20%
Second Best
Retail
$3.11M
$2.72M – $3.63M
NOI $217,809 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$5.72M
$5.01M – $6.68M
NOI $400,702 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 77%
Home Improvements & Furnishings 21%
Shops & Services 2%
Walmart
Superstores
91,494 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
25,018 visits/mo
0.3 miles
Darling's Brunswick Ford
Shops & Services
2,107 visits/mo
0.4 miles
Demographics for 04011, ME
21,756
Population
9,440
Households
2.3
Avg Household Size
44
Median Age
52%
College-Educated
96%
High-School Grad
46.8 sq mi
ZIP Area
465
Density / Sq Mi
$74,102
Median Household Income
$40,075
Median Earnings
$1,341
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased to TD Bank and two additional operators near Walmart, Lowe’s, T.J. Maxx, and Staples.
Where is this nnn property located?
The property is located at 10 Tibbetts Dr Brunswick, ME.
What is the asking price?
The asking price for this property is $7,295,000.
What are key features of this property?
This property features: 20,827 +/- SF NNN retail building; Leased to TD Bank, Riverview Martial Arts, and Brunswick’s Best After School & Summer Camp; Class A retail building
