Listing Agency: Acropolis Commercial Advisors LLC

Listed By: Eric Wasserman · License #FL CQ1057427

Source: Crexi

Added: Apr 10 Changed: Aug 22 Last Checked: Aug 21 at 7:24PM

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Investment Insights

Based on property information with market context.

This new construction Dollar General property is offered as a triple-net (NNN) investment with a 15-year lease in place. The lease term has approximately 13.5 years remaining, and the tenant, Dollar General, is publicly traded with an “BBB” (S&P) credit rating.

The store is located at 351 Carl Broggi Hwy in Lebanon, Maine on US Route 202 (Carl Broggi Highway). Public remarks highlight a higher-than-average average household income within a three-mile radius and substantial resident counts within a 7-mile radius. The property is described as one of only two Dollar General stores situated on Route 202, with no other national discount stores reported within an approximately twenty-minute drive.

Key Highlights

• New construction Dollar General with a 15‑year NNN lease; about 13.5 years remaining
• Tenant is Dollar General (publicly traded) with investment‑grade credit rating of “BBB” (S&P)
• Investment‑grade tenant profile noted for other companies including FedEx, Walgreens, Kroger, AutoZone, and Delhaize (Stop & Shop, Food Lion, Hanford)

Property Analytics

Property Profile

Current Use

Dollar General Discount Store FedEx OnSite Postal Service Western Union Bank

Suggested Use

Top Pick Building Supply Plumbing Service Big Box & Wholesale Store Garden Center Grocery & Convenience Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

53

Businesses Nearby

17k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 45%

Dunkin' Donuts Dining

7,383 visits/mo 0.2 miles

Dollar General Shops & Services

6,320 visits/mo 0.1 miles

Citgo Shops & Services

2,878 visits/mo 0.4 miles

Demographics for 04027, ME

6,469

Population

2,654

Households

2.4

Avg Household Size

42

Median Age

13%

College-Educated

93%

High-School Grad

55.0 sq mi

ZIP Area

118

Density / Sq Mi

$97,257

Median Household Income

$50,192

Median Earnings

$1,237

Median Rent

$310,000

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - New construction Dollar General on a 15-year NNN lease with approximately 13.5 years remaining, backed by an investment-grade tenant.

Where is this grocery and convenience store located?

The property is located at 351 Carl Broggi Hwy Lebanon, ME.

What are key features of this property?

This property features: New construction Dollar General with a 15‑year NNN lease; about 13.5 years remaining; Tenant is Dollar General (publicly traded) with investment‑grade credit rating of “BBB” (S&P); Investment‑grade tenant profile noted for other companies including FedEx, Walgreens, Kroger, AutoZone, and Delhaize (Stop & Shop, Food Lion, Hanford)