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 TypeRetail
- Year Built1994
- Total Building Size6,252RSF
- Total Acres0.79
- Number of Floors1
- Number of Buildings1
- ZoningCentral and Regional Commercial District
- Property ID1214871
Landlord's Leasing Representatives
Delivered!An expert will be in touch soon. To connect now, call us at:
See your financing options
If you need a business loan, it's important to explore your options. Quickly compare options, choose your loan, and get funded with Lendio.
See Options