• Tuscan Table - 390 Gorham Rd, South Portland, ME 04106

This property isn't on the market right now.

Property Details

9 YEAR NET INVESTMENT OFFERING

Highlights

  • Price: $1,267,888
  • Net Operating Income: $90,654
  • Cap Rate: 7.15%
  • 2022 Net Operating Income: $97,196
  • 2022 Cap Rate: 7.67%
  • Rent Schedule: NOI Escalation Date
  • $90,654
  • $97,196 July 1, 2022
  • $108,915 July 1, 2027 (Option 1)
  • $115,806 July 1, 2032 (Option 2)
  • Renewal Options: Two 5-Year
  • Lease Expiration: 6/30/2027
  • Tenant: Maine Mall Bistro LLC
  • Building Size: 6,252 SF
  • Land Size: 34,397 SF (Estimate)
  • *NOI Includes a $15,630 (increases 10% every five years) shopping center contribution paid by tenant. Landlord is
  • entitled to collect the charge without offset.

  • Property Type
    Retail
  • Year Built
    1994
  • Total Building Size
    6,252RSF
  • Total Acres
    0.79
  • Number of Floors
    1
  • Number of Buildings
    1
  • Zoning
    Central and Regional Commercial District
  • Property ID
    1214871

Landlord's Leasing Representatives

  • Daniel Barnes
    Lee & Associates
     
  • jennifer small
    Malone Commercial Brokers, Inc.