481 US Route 1
Pembroke, ME 04666
Dollar General · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire an absolute NNN Dollar General in Pembroke, Maine. This new construction build-to-suit asset has zero landlord maintenance or expense obligations. Corporately guaranteed and leased to Dollar General for a base term of 15 years plus options, the property is prominently located along Route 1, which stretches from Maine to Florida. This store in Pembroke will be the only Dollar General location in over a 45-minute drive and is reflective of Dollar General’s highly successful strategy of targeting underserved rural markets, providing a convenient location for consumers to purchase competitively priced daily needs items. The demographics relative to Dollar General’s target customer are excellent: nearly 6,000 people within a 10-mile radius with average household incomes in excess of $50,000. Situated a few miles from the Canadian border, Pembroke is a fishing community best known for the reversing falls where the water filling Dennys and Whiting bays passes through the narrow channel between Mahar Point and Falls Island, due to the area’s unusually strong lunar tides. Dollar General generated $25.6 billion in 2018 fiscal year sales and net income of $1.6 billion. Dollar General currently operates over 15,000 stores in 44 states, making it the country’s largest small-box discount retailer. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors. Dollar General’s stock is up 45% over the past 24 months.