Subject Property

Biddeford, ME

Price: $4,361,000
Cap Rate: 5.65%
NOI: $246,392
Building Size: Approx. 7,074 Sq. Ft.
Lot Size: Approx. 1.86 Acres
Status: Available
Sub Category: Automotive Service
Year Built: 2017

Investment Overview

  • 2017 Construction. 7,074+/- SF Building on 1.86+/- Acre Site
  • 20-Yr NNN Leases w/ 10% Rent Bumps Every 5-Years
  • Located along Alfred St (24K VPD), just E of I-95 (35K VPD)
  • Near AutoZone, Circle K, Walmart, Wendy’s, T-Mobile, DQ
  • Proximity to Southern Main Medical Center & Hospitality
  • 70-Miles SW of Augusta (CAPITAL) | 90-Miles N of Boston
  • Attractions: Old Orchard Beach | Wood Island Light House
  • Ranked “Most Secure Places to Live in the U.S”-Sperling’s
  • Major Job Sectors: Healthcare, Manufacturing, Technology
  • 3-Mile Radius: Day Pop: 16,675 l  Avg HH Income: $65,424