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