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Family Dollar 37 Elm St 8,000 SF Retail Building Hartland, ME 04943 $919,000 ($114.88/SF) 9% Cap Rate
Investment Highlights
- Over 5 Years Remaining | Corporate Guaranteed | Recent Lease Extension | Scheduled Rental Increases
- Excellent Access & Visibility | Extremely Limited Competition | Nearby Hartland Grocery
- Gross Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Demographics in 5-Mile Trade Area
Executive Summary
• The tenant recently extended their lease and has over 5 years remaining with 7 (5-year) option periods to extend, helping demonstrate long term commitment to the site
• Lease is corporate guaranteed by Family Dollar, LLC
• Family Dollar has scheduled rental increases throughout the initial term and option periods
• Features a 27% rental increase in April 2028, a 23% increase at the beginning of the first option, and 10% increases at the beginning of each option thereafter
• Lease is corporate guaranteed by Family Dollar, LLC
• Family Dollar has scheduled rental increases throughout the initial term and option periods
• Features a 27% rental increase in April 2028, a 23% increase at the beginning of the first option, and 10% increases at the beginning of each option thereafter
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
2013
Price
$919,000
Price Per SF
$114.88
Cap Rate
9%
NOI
$82,741
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.02 AC
Opportunity Zone
Yes
Zoning
GD - General Development
Parking
25 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
160’ on Maine 151
Amenities
- Signage
Property Taxes
| Parcel Number | HRLN-000018-000000-000043 | Improvements Assessment | $522,720 |
| Land Assessment | $26,520 | Total Assessment | $549,240 |
Property Taxes
Parcel Number
HRLN-000018-000000-000043
Land Assessment
$26,520
Improvements Assessment
$522,720
Total Assessment
$549,240
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Family Dollar | 37 Elm St
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