828 Minot Ave
Auburn, ME 04210 ·
6,840 SF · Retail For Sale
|Price||N/A||Property Use Type||Net Lease Investment with 10+ years left on lease|
|Building Size||6,840 SF||Cap Rate||9.14%|
|Property Sub-type||Service/Gas Station||Tenancy||Multiple|
|Listing ID: 16673077||Date Created: 05/05/2010||Last Updated: 03/31/2011|
Brand new from the ground up. Built in 2009, this development project offers a 4,340 s/f Lil' Mart Convenience Store/McDonalds Restaurant Combination with Drive-Thru, Self-Serve Gas,
Full-Service Car Wash and Victory Lane Quick Oil Change. Project offers a 9.14% Cap on stabilized NOI. 20 year lease commenced in September 2009 and has 10% bumps every 5 years.
Minot Avenue is a high traffic, commuter route with excellent visibility. Built on a corner lot, this property has access from both Minot Avenue and Hotel Road. Surrounding properties include Dunkin Donuts, Tim Horton' s, Rite Aid, Pizza Hut and Dairy Queen with more development anticipated.
599 Center Street
Auburn, ME 04210
For Sale · $3,575,000
5,554 SF Building
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