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138 Main St Norway, ME 04268

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For Sale
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100% leased hardware store with long-term tenant in place.

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Listing Contact
Taylor Saulnier, Ccim
Source: Masscommercialproperties

Listing Agent: Taylor Saulnier, Ccim

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

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Overview

Hardware Store Investment Opportunity

The property at 138 Main Street in Norway, Maine, is available for sale. The property is 100% leased by Aubuchon Hardware, with a current annual rent of $100,039 and 2% annual rent increases. The lease extends through December 2030, with two five-year options to extend, potentially providing rent through 2040 or later. Aubuchon Hardware has been operating at this location since 2004. This investment opportunity is suited for a regional investor seeking passive income from a long-term tenant. The tenant benefits from a strategic location with limited area competition and low operating costs, featuring an under market rent of $6.11 per square foot. The property features 475 feet of frontage on Main Street, with a traffic count of approximately 17,042 vehicles per day. It is located within the Norway retail corridor, near major tenants such as McDonald’s, Walgreens, Dunkin, Verizon, and Stephens Memorial Hospital. The property has 16,363 square feet and is 100% leased by Aubuchon Hardware since 2004. The net operating income is $100,039, with the lease running through December 31, 2030, and 2% annual increases. There are two five-year options to renew through 2035 and 2040, with a high renewal probability. Landlord responsibilities are limited. Aubuchon operates 119 locations in the North East.
Location Intelligence

Current Use by Public Records

Aubuchon Hardware Building Supply Aubuchon Rental Rental Equipment Company

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

Location Insight

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City
Norway
County
Oxford
State
Maine
Longitude
-70.5317038
Latitude
44.2070634

FAQs

What type of property is this?
Storefront property - 100% leased hardware store with long-term tenant in place.
Where is this storefront property located?
The property is located at 138 Main St Norway, ME.
What are key features of this property?
This property features: - 100% leased to Aubuchon Hardware through December 2030, providing stable income.; - **$100,039 Net Operating Income (NOI) with 2% annual rent increases.**; - Two five-year options to extend the lease through 2040.
More about this property
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