1363 Washington Avenue
Portland, ME
Price:
$2127000
Cap Rate:
6.00%
NOI:
$127,625
Building Size:
Approx. 2250 Sq. Ft.
Lot Size:
Approx. 0.43 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
1980 / 2016
Investment Overview
- Renovated 2016 | 2,250+/- SF Building on 0.43+/- Acre Site
- New 20-Year NNN Lease w/ 10% Rent Bumps Every 5-Years’
- Located along Washington Ave (20K VPD), just S of I-95 (15K VPD)
- Near Walgreen’s CVS, BJ’s, Rite-Aid, Starbucks, Subway, McDonald’s
- Local Attractions: Casco Bay | Old Port | Victoria Mansion | Hadlock Field
- 10 Miles N of Portland International Airport | 8 Miles NE of The Maine Mall
- 2-Miles from the University of New England – Westbrook College (10,000 Stu)
- 5-Mile Radius: 2016 Esti. Pop: 106,438 | 3-Mile Average HH Income: $78,299
- Portland is located 56-Miles Southwest from Augusta, ME (State Capital)