460 Alfred St
Biddeford, ME
Price:
$4,361,000
Cap Rate:
5.65%
NOI:
$246,392
Building Size:
Approx. 7,074 Sq. Ft.
Lot Size:
Approx. 1.86 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2017
Investment Overview
- 2017 Construction. 7,074+/- SF Building on 1.86+/- Acre Site
- New 20-Yr NNN Leases w/ 10% Rent Bumps Every 5-Years
- Located along Alfred St (24K VPD), just E of I-95 (35K VPD)
- 70-Miles SW of Augusta (CAPITAL) | 90-Miles N of Boston
- Attractions: Old Orchard Beach | Wood Island Light House
- Ranked “Most Secure Places to Live in the U.S”-Sperling’s
- Major Job Sectors: Healthcare, Manufacturing, Technology
- 3-Mile Radius: Est Day Pop: 15,962 l Avg HH Income: $57,633