87 Access Hwy Limestone, ME 04750
- Retail space
- 9,167 SF
- 2.00 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Convenience Store
- FedEx OnSite / Mailing Service
Property Details for 87 Access Hwy
- Year built
- 2018
- Lot size
- 2.00 lot acres
- Property size
- 9,167 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a Dollar General convenience store in Limestone, Maine. The property boasts a 9,167 square foot building constructed in 2018 on a 2-acre lot. It's situated at 87 Access Hwy, 04750, and benefits from a 15-year absolute NNN lease with a corporate guarantee, providing zero landlord responsibilities. The lease, commencing October 17, 2018, and expiring October 31, 2033, has 9 years of firm term remaining, offering significant long-term stability. The lease includes 10% rent bumps at the start of each option period, providing a built-in hedge against inflation. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $99,720, resulting in a 7.50% cap rate. The property's strategic location near the Loring Commerce Center and a 36-bed assisted living facility contributes to its strong performance and future growth potential. This is a single-tenant, single-story building representing a compelling investment in a nationally recognized, essential retail brand. Download the Offering Memorandum for complete lease details.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Limestone
- County
- Aroostook
- State
- Maine
- Longitude
- -67.833714857663
- Latitude
- 46.914602116486
