Cash Corner Pad Site

Expired Vacant Land for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 29983607
Property Subtypes: Office, Retail, Retail-Pad
Gross Land Area: 35,000 SF
Lease Rate: $35,000 (Annual)
$1 PSF (Annual)
Base Monthly Rent: $2,916
Lease Types: Ground Lease
Last Updated: 8/16/2017

Overview / Comments

This Rite Aid pad site is located at the intersection of Main St. (U.S. Route 1) and Broadway in South Portland Maine's thriving Cash Corner neighborhood.

Just 2 miles from Portland's peninsula, South Portland has seen a spillover effect of increased rents, new multifamily housing developments, and historically low vacancy rates. Cash Corner's older building inventory and unique proximity to both Portland's Old Port and Interstate 95 make it the most coveted area of South Portland for new development.

As shown in the retailer map in the Location Information section, there is a clear lack of retail and service oriented businesses to serve the population in the area. The high traffic counts and visibility of this site make it the most desirable location in the market.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 6760
Zoning: LB
Site Description: $35,000/yr NNN Ground Lease Negotiable Build to Suit Pharmacy Pad Site 14,000 AADT Lack of Service Businesses in Area
Lot Frontage: 190
Lot Depth: 270

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,635 68,519 115,944
Median Age: 38.63 37.49 39.37
Households: 2,036 31,750 52,143


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