Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1022 Western Ave Manchester, ME 04351

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,456,000

    Single-tenant Dollar General with corporate-backed NNN lease in Manchester, ME.

    Property size:
    9,026 SF
    Lot size:
    135.47 Acres

    Property Features for 1022 Western Ave

    General Information

    Size
    9,026 SF
    Lot size
    135.47 Acres

    Source: CP Partners Agent Jack Navarra

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General NNN Investment Opportunity

    This single-tenant property is leased to Dollar General under a corporate-backed absolute NNN lease, offering zero landlord maintenance or expense responsibilities. The initial 15-year term has approximately 6.5 years remaining, expiring February 29, 2032. The lease includes three five-year renewal options, each with a 10% rent increase. Dollar General Corporation (NYSE: DG) is a Fortune 500 company with an investment-grade BBB rating (S&P) and operates over 21,000 locations nationwide. The property is positioned along Western Avenue (U.S. Route 202), the primary retail corridor in the trade area, and benefits from strong daily traffic counts of approximately 18,496 vehicles per day. The surrounding area features national retailers such as Hannaford Supermarket, Tractor Supply Co., Walgreens, and Dunkin'. The trade area serves over 128,000 residents in Kennebec County. The property size is 9,026 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Kennebec
    State
    Maine
    Longitude
    -69.8711886
    Latitude
    44.3232452

    Nearby Similar for Sale

    • $695,000
      3,719 SF

      Multi-Use Commercial Building on Route 202

      3700 SF multi-unit commercial building with high visibility on Route 202.
      693 Western Ave, Manchester, ME 04351
      View Details
    • $999,999
      10,150 SF

      Manchester Mixed-Use Investment Opportunity

      High-traffic, renovated commercial building with income potential.
      675 Western Ave, Manchester, ME 04351
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Single-tenant Dollar General with corporate-backed NNN lease in Manchester, ME.
    Where is this grocery and convenience store located?
    The property is located at 1022 Western Ave Manchester, ME.
    What is the asking price?
    The asking price for this property is $1,456,000.
    What are key features of this property?
    This property features: - Corporate-backed absolute NNN lease with zero landlord responsibilities.; - +\-6.5 years remaining on initial 15-year lease term, expiring February 29, 2032.; - **Dollar General Corporation (NYSE: DG)** - Fortune 500 company with investment-grade BBB rating (S&P).
    (415) 274-2700
    Request Owner's contact information
    1022 Western Ave Manchester, ME 04351
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1022 Western Ave
    Manchester, ME 04351
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1022 Western Ave Manchester, ME 04351
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.