NNN Circle K Corp Lease
Retail-Commercial
for Sale
| Catylist Listing ID: |
30807490 |
| Property Subtypes: |
Convenience Store
|
| Building Size (RSF): |
3,566 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
42,143 SF
|
| Sale Price: |
$3,100,000 |
| Unit Price: |
$869.32 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/31/2023 |
Overview / Comments
|
Investment property NNN - Corporate Circle K lease. Investment grade tenant with over 14,800 convenience stores. Has 3 options to renew lease with 10% bumps with each option, just under 17 years worth of term. The property is located in the Sebago Lake Region and considered one of the primary destinations for summer and winter recreation in New England. Approximate driving distance to Portland is 20 miles and 130 miles to Boston, MA. Sebago Lake is Maine largest lake at 48sq miles
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
RYMD-000055-00000-000030 |
| Zoning: |
C0ML |
| Lot Frontage: |
200 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
5,885 |
13,737 |
| Median Age: |
42.86 |
42.51 |
| Households: |
2,422 |
5,628 |
|
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