Net Leased Investment Offering

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30728455
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Status: Pending
Building Size (RSF): 8,120 SF
Gross Land Area: 1.68 Acres
Sale Price: $940,000
Unit Price: $115.76 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/21/2021

Overview / Comments

Attractive net leased investment offering now available in Bridgton. The property has a long history as a NAPA Auto Supply and is home to the Bridgton Water District. This two building offering has provided stable investment income with below market lease rates. The lease to NAPA has an increase in rent upon lease renewal for another 5 year term and the bump in rent mid term for the Water District provides increased cash flow in the near future.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $7,729 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 9-70
Zoning: NONE
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Lot Frontage: 1

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,848 6,964
Median Age: 46.41 46.43
Households: 2,099 2,958

Contact

Photograph of Listing Agent

Kevin Fletcher, CCIM

KW Commercial NECPE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.