Listed by The Dunham Group
$3,683,744
419 Hill Street
Details
APN Map 74, Lot 9
Property Type Industrial
Sub Type Warehouse, Cannabis
Square Footage 28,119
Cap Rate 10.22%
NOI $3,600,955
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 10/31/2030
Remaining Term 5
Year Built 1984
Year Renovated 1995
Acreage 3.440
Zoning Industrial (I-2)
Lease Commencement 10/31/2020
Ceiling Height 14'
Loading Docks 1
Dock High Doors 3
Industrial | 10.22% CAP | 28,119 SqFt
Marketing description
419 Hill Street in Biddeford, Maine is a 28,119± square foot state-of-the-art recreational grow facility that boasts laboratory-grade fit-up with one of the top-tier cannabis companies in the State of Maine. The lease is secured with strong guarantees and strong escalators throughout the remaining 7-year term.
Investment highlights
- 10.22% CAP Rate
- Exceptional tenant financial profile and personal guarantee. We have 5 years of experience with this tenant. They also lease 414 Hill Street.
- Fully renovated state-of-the-art cultivation facility completed in 2022. Renovation cost several million dollars.
- Roof section replaced in 2021 by Maine Roofing. Remaining sections repaired and inspected and are in good condition.
- New dedicated water line run from street and full building sprinkler system installed in 2021 by Eastern Sprinkler.
- All new electrical in 2021, including back-up generators, state-of-the-art security system, 3200 Amps of power available
- Approved and operational; Adult-use cultivation
- Projected to produced excess of $20 million per year in revenue from this location.
- Expansion potential for an additional 20,000 SF
Listing Contacts
Listed by The Dunham Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,600,955.00
$300,079.58/mo
Valuation Metrics
0
DSCR
97.75%
Cap Rate
97.75%
ROI
Map
Zoning
I2 MixedMixed UseAirport Industrial Zone
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View all 107 uses Last updated Feb 24, 2026 For deeper zoning details, reports are available at Zoneomics
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