Family Dollar | 37 Elm St
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Family Dollar 37 Elm St
8,000 SF Retail Building Hartland, ME 04943 £600,126 (£75/SF) 8.21% Net Initial Yield
Executive Summary
Investment Grade Credit Tenant: Family Dollar holds a BBB rating from S&P, signifying investment-grade credit and reliable payment stability for investors.
Limited On-Market Competition: With over 1,000 dollar stores on the market, no Family Dollar locations and only four Dollar Generals are for sale in Maine, making the asset uniquely scarce.
Limited Local Competition: Family Dollar is the only nationally owned general store in the region, with its nearest competitor, Dollar General, over 10 miles away.
Recreational Hub: Family Dollar is next to the Irving Tanning Community Center, a hub for local events, and near the town hall, Christian school, and church, all generating significant foot traffic.
Build-To-Suit: Built-to-suit for the tenant in 2014, the property was fully customized to their specific requirements.
Recent 5-Year Extension: The lease was extended in 2023, reflecting the tenant's commitment and success at the location.
Significant Increase in Option: Rent increases by 56% in the 2028 option period, offering a significant income boost on renewal.
Limited On-Market Competition: With over 1,000 dollar stores on the market, no Family Dollar locations and only four Dollar Generals are for sale in Maine, making the asset uniquely scarce.
Limited Local Competition: Family Dollar is the only nationally owned general store in the region, with its nearest competitor, Dollar General, over 10 miles away.
Recreational Hub: Family Dollar is next to the Irving Tanning Community Center, a hub for local events, and near the town hall, Christian school, and church, all generating significant foot traffic.
Build-To-Suit: Built-to-suit for the tenant in 2014, the property was fully customized to their specific requirements.
Recent 5-Year Extension: The lease was extended in 2023, reflecting the tenant's commitment and success at the location.
Significant Increase in Option: Rent increases by 56% in the 2028 option period, offering a significant income boost on renewal.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2013
Price
£600,126
Price Per SF
£75
Net Initial Yield
8.21%
NOI
£49,269
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
0.90 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
13 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
160 ft on Maine 151
PROPERTY TAXES
| Parcel Number | HRLN-000018-000000-000043 | Improvements Assessment | £349,575 |
| Land Assessment | £17,738 | Total Assessment | £367,313 |
PROPERTY TAXES
Parcel Number
HRLN-000018-000000-000043
Land Assessment
£17,738
Improvements Assessment
£349,575
Total Assessment
£367,313
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Gregory Fitzgerald -
Tri-Oak Consulting Group
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Family Dollar | 37 Elm St
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