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Sinclair, ME Post Office
251 Sinclair Rd., Sinclair, ME 04736
N/A
1,000 SF
Retail
Post Office
Investment
8.30%
100%
1
1992
0.61 AC
-
Last Verified 2/2/2006
Listing ID 14473984
Highlights
Like new condition.- 6/12 roof.
- A-Frane, peaked roof.
- USPS pays all metered utilities.
- 2 additional 5 yr. options: $26,000.00; $28,600.00
- We have other PO's for sale.
Description
This Post Office is leased by the US Postal Service. The base term of the lease has an annual rental of $16,500.00 and the USPS has negotiated a rent and accepted the next 2 5 year options at $19,000.00 per year. The lease is therefore firm, no cancellation clause, until September 30, 2017. The average rent for the next 11 and 1/2 years is therefore slightly less than $19,000.00. The lease has USPS Maintenance and a Zero Tax Rider (USPS pays the property taxes.) There is a right of way for the previous owner to get to his remaining land behind the post office.
Well water. There are USPS Purchase options but the USPS does not pay over $170.00 per square foot to buy a building when they can have a brand new one built at less than that.
Map of 251 Sinclair Rd., Sinclair, ME 04736 (Aroostook County)
Created 1/23/2006
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO