Convenience Store and Gas
For Sale
$525,000
130 Wardtown Road, Freeport, ME 04032
Turnkey country convenience store and gas station on a corner lot with multiple fuel pumps and a full-service deli.
Property Size2,400 SF
Lot Size3.00 Acres
Price / SF$218.75
Days on Market156
Property Features for 130 Wardtown Road
General Information
Standard status
Active
Size
2,400 SF
Lot size
3.00 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1975
Listing Agency:
Fontaine Family - The Real Estate Leader
(207) 357-3778
Listed By:
Chad Doucette
(207) 357-3778
Source:
Brendafontaine
Added: Mar 30
Changed: Aug 31
Last Checked: Aug 31 at 8:17PM
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 Fontaine Family - The Real Estate Leader
Investment Insights
Based on property information with market context.
Turnkey country convenience store and gas station offered for sale on a corner lot. The property includes a 2,400-square-foot store and multiple fuel pumps. Inside, it operates as a convenience concept with a full-service deli and walk-in coolers, along with ample display and storage areas.
Outside, there is a large parking area designed for customer access and delivery. The generous lot provides room for future expansion or additional income opportunities. The property is located near I-295 and downtown Freeport, offering convenient access for both local customers and travelers.
Outside, there is a large parking area designed for customer access and delivery. The generous lot provides room for future expansion or additional income opportunities. The property is located near I-295 and downtown Freeport, offering convenient access for both local customers and travelers.
Key Highlights
- 2,400 sq. ft. country convenience store and gas station on a corner lot
- Full‑service deli plus walk‑in coolers for food storage and service
- Multiple fuel pumps with a large parking area for customers and delivery access
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
$26,892
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
5.12%
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%
$537,840
$537.8K
Cap Rate 7%
$384,171
$384.2K
Cap Rate 9%
$298,800
$298.8K
Market Conditions
NOI Build-Up for 2,400 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
$43.2K $18.00/SF
− Vacancy
−$7.3K −$3.06/SF
EGI
$35.9K $14.94/SF
− OpEx
−$9.0K −$3.74/SF
NOI
$26.9K $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%
$537,840
Cap Rate 7%
$384,171
Cap Rate 9%
$298,800
Alternative Uses
Best Use
Specialty Retail
$384.2K
$336.2K – $448.2K
NOI $26,892 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$358.6K
$313.7K – $418.3K
NOI $25,099 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$659.6K
$577.2K – $769.6K
NOI $46,175 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04032, ME
8,737
Population
4,133
Households
2.1
Avg Household Size
47
Median Age
57%
College-Educated
94%
High-School Grad
34.7 sq mi
ZIP Area
252
Density / Sq Mi
$108,864
Median Household Income
$48,222
Median Earnings
$1,436
Median Rent
$445,800
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?
Grocery and convenience store - Turnkey country convenience store and gas station on a corner lot with multiple fuel pumps and a full-service deli.
Where is this grocery and convenience store located?
The property is located at 130 Wardtown Road Freeport, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,400 sq. ft. country convenience store and gas station on a corner lot; Full‑service deli plus walk‑in coolers for food storage and service; Multiple fuel pumps with a large parking area for customers and delivery access
