57 Houlton Rd Baileyville, ME 04694

Property Details for 57 Houlton Rd

Year built

2018

Lot size

1.27 lot acres

Property size

9,160 SF

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,160-square-foot Dollar General store located at 57 Houlton Rd, Baileyville, ME 04694. Built in 2018, this single-tenant property boasts a strong 8.2 years remaining on a 15-year absolute NNN lease, offering significant passive income with zero landlord responsibilities. The lease includes four 5-year renewal options with a 10% rent increase in each option period, ensuring consistent growth in rental income. The property sits on a 1.27-acre lot and benefits from a high occupancy rate of 100%, generating a substantial net operating income (NOI) of $86,838, resulting in a compelling 7.70% cap rate. The tenant, Dollar General, is a credit-rated corporation with an S&P rating of BBB and operates over 20,000 locations, providing exceptional financial stability and security. Strategically positioned near the intersection of Houlton Rd and Airline Rd, with combined traffic counts exceeding 7,600 vehicles per day, this property enjoys a prime location and serves as the primary source of retail goods in the area, being the only dollar store within a 5-mile radius. The asking price is $1,127,780, translating to a price per square foot of $123.12 and a price per unit of $1,127,780. This represents a rare opportunity to acquire a well-performing, low-maintenance retail investment with significant long-term potential.