www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31438046
27547517

363 ME-3, China, ME 04358 For Sale

TB
MA 9539741, ME BR920094 (+4)
District Real Estate Advisors
GL
MA 9583391
District Real Estate Advisors
Listed by District Real Estate Advisors
$2,689,576
279 days on market
Updated 39 days ago

NEW DG | TRAFFIC @ 9,100 ADT | NORTHEAST LOCATION

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Cap Rate 6.85%
NOI $184,236
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/30/2040
Rent Bumps Yes
Lease Options 3x5 Options w/ 5% Increases In Each
Year Built 2025
Acreage 1.450
Investment Type Net Lease
Lease Commencement 09/22/2025
Occupancy Date 09/22/2025
Ground Lease No

Retail | 6.85% CAP | 9,100 SqFt

Marketing description

363 Route 3 features an all new 2025 construction DG prototype building consisting of approximately 9,100 SF sitting directly on Route 3. This location is in an established market just 0.2 miles east south of China Lake and 11.5 miles from Augusta, the state capital of Maine. There is strong daily traffic counts at 9,100 ADT on Route 3. The lease features attractive 5% rent increases every 5 years throughout the lease. The property is ideally located directly on a +/-1.45 acre parcel one of the main connectors heading east and west (RT 3/US 202) connecting Augusta to Belfast and Maine’s midcoast communities. The township is within Kennebec County - 11.5 miles from Augusta, 14 miles from Waterville and 32 miles from Belfast. The nearest Dollar General is is 10.5 miles south in Windsor, 11.3 miles southwest in Augusta and 14 miles north in Waterville. This location will pull from a large established trade area and provide residents and visitors to the lake region a very convenient location allowing Dollar General to offer a wider variety of items including produce, meat and other foods allowing customers closer access to fresh and healthier foods at a convenient location with everyday low prices.

The store benefits from excellent frontage, visibility, and convenient access for both local residents and regional travelers. China is located in Kennebec County, just 11.5 miles east of Augusta, 32 miles west of Belfast, and 55 miles of Bangor. As the capital of Maine and seat of state government, Augusta is Maine’s largest location for government employment; state government employs several thousand Augustans. Governmental activities are supported by financial institutions, law firms, and economic and governmental liaison consultants. While the State of Maine itself remains by far Augusta’s largest employer, other industries in the city have shifted and shuttered as the economy evolved. In the past several decades, Augusta has labored to reinvent itself. Blue collar manufacturing jobs have started to be replaced by high-tech and health jobs. Health care institutions in the region also account for a large share of service sector employment, especially MaineGeneral Medical Center, which employs 1,738 at its campuses in Augusta and nearby Waterville. Augusta is the site of a number of private sector employers with significant bases in the city, such as Central Maine Power Company, an electric utility that serves more than 560,000 customers throughout the state; and SCI Systems, which produces computer peripheral equipment. The community offers small-town character and a growing year-round population, supported by seasonal visitors who flock to China Lake and other nearby recreational destinations. With its lakes, trails, and campgrounds, the area provides strong summertime tourism, supplementing steady local demand. The town is well positioned for long-term growth, drawing customers from both commuter traffic along Route 3 and surrounding rural communities. Retail services are limited, and Dollar General fills a vital role by offering everyday essentials, groceries, and household goods at affordable prices. The nearest Dollar General locations are 10 miles west in Vassalboro, 12 miles south in Windsor, and 14 miles north in Unity. With minimal overlap in coverage, the China store is uniquely positioned to serve a broad trade area and meet the daily needs of both residents and visitors. For commuters, residents, and seasonal travelers along Route 3, this Dollar General stands as a highly convenient retail hub. With its strategic location, corporate-guaranteed lease, and regional customer draw, the property represents a rare opportunity to acquire a stable, investment-grade net-leased asset in central Maine.

Investment highlights

  • Northeast Location
  • New 2025 Construction
  • 5% Rent Bumps Every 5 Years
  • Strong Traffic @ 9,100 ADT
  • Just 11.5 Miles from Augusta and 14 miles from Waterville

Listing Contacts

TB
MA 9539741, ME BR920094 (+4)
District Real Estate Advisors
GL
MA 9583391
District Real Estate Advisors
Listed by District Real Estate Advisors

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,236.00
$15,353.00/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591