Auburn Prime Commercial Investment
Retail-Commercial
for Sale
| Catylist Listing ID: |
30870390 |
| Property Subtypes: |
Free-Standing Building, Restaurant, Street Retail
|
| Building Size (RSF): |
3,707 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$995,000 |
| Unit Price: |
$268.41 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/4/2024 |
Overview / Comments
Prime Auburn, Maine Center Street location. Property comprises 3707 sf with two tenants.
D'Angelos Sub Shop and Tam Nguyen Nail Salon. D'Angelos will lease back for one year at $3000/month NNN. Nail Salon is on its Second five year renewal. The site is nearly 1/2 acre located on one of Lewiston-Auburn's major commercial highways. Great opportunity to replace D'Angelos which occupies 1800+ sf with another restaurant/ retail/ service tenant.
|
Current Tenants
| Tenant Business Name |
D'Angelos |
| Contact Name |
Jerry Howland |
| Contact Title |
Manager/Owner |
| Industry Type |
Accommodation and Food Services |
| Is Renting? |
Yes |
| Annual Revenue |
$36,000 (Annual) |
| Suite Number |
1 |
| SF of Space Occupied |
1,800 SF |
| Current Rent |
$3,000 PSF (Annual) |
| Tenant Notes |
D'Angelos will leaseback the space for one year and then vacate. |
| Tenant Business Name |
Tam Nguyen Nail Salon |
| Contact Name |
Tam Nguyen |
| Industry Type |
Other Services |
| Is Renting? |
Yes |
| Year Founded |
2015 |
| Suite Number |
2 |
| SF of Space Occupied |
1,700 SF |
| Current Rent |
$27,242 PSF (Annual) |
| Lease Expiration |
5/0031 |
| Escalations |
Tenant has right to extend lease for additional five year terms. Outlined herein;First Option Term (if Exercised):
Second Option Term (if Exercised):
9/1/2015 - 5/31/2016:
6/1/2016 - 5/31/2017:
6/1/2017 - 5/31/2018:
6/1/2018 - 5/31/2019:
6/1/2019 - 5/31/2020:
6/1/2020 - 5/31/2021:
6/1/2021 - 5/31/2022:
6/1/2022- 5/31/2023:
6/1/2023 - 5/31/2024:
6/1/2024 - 5/31/2025:
6/1/2025 - 5/31/2026:
6/1/2026 - 5/31/2027:
6/1/2027 - 5/31/2028:
6/1/2028- 5/31/2029:
6/1/2029 - 5/31/2030:
|
| Options |
See above |
Additional Details
| Nearest MSA: |
Lewiston-Auburn |
| County: |
Androscoggin |
| Tax ID/APN: |
261-048 |
| Zoning: |
BUSINESS COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Center Street |
| Feet of Frontage: |
176 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
3,707 SF |
| Property Condition: |
Average |
| Year Built: |
1981 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Surface |
| Parking Description: |
nearly 1/2 acre site significant parking./ |
| Heat Type: |
Natural Gas |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable |
| Interior Description: |
Two tenants. Nail Salon approximately 1700 sf, D'Angelos 1800 sf+/- |
| Zoning Description: |
General Busiiness |
| Lot Frontage: |
176 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,327 |
45,364 |
59,530 |
| Median Age: |
32.75 |
36.99 |
38.35 |
| Households: |
5,343 |
19,413 |
25,186 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
