1233 Roosevelt Trl | Raymond, ME 04071
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1233 Roosevelt Trl
Raymond, ME 04071
Raymond Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Minimal Expense Exposure | All Tenants Paying Triple Net (NNN) Leases With Reimbursements
- Extensive Recent Capital Expenditure | Roof and Parking Lot Replaced in 2013 | Family Dollar Full Renovation and Space Extension Done in 2021 | New Se
- Built-In Hedges Against Inflation | 58% of Square Footage Has Rent Escalations in Base Term
- Minimal Expense Exposure | All Tenants Paying Triple Net (NNN) Leases With Reimbursements
- Long Term Occupancy | 70% of Square Footage Has Been at the Center for Over 9 Years
- Growing Local Population | 19.6% Population Growth in 5 Miles Since 2010 | Projected 5.9% Growth Through 2027
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
31,749 SF
Year Built/Renovated
1965/2021
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
3.00 AC
Zoning
C
Parking
80 Spaces (2.51 Spaces per 1,000 SF Leased)
Frontage
335’ on Roosevelt Trail
PROPERTY TAXES
| Parcel Number | RYMD-000055-000000-000032 | Improvements Assessment | $1,335,800 |
| Land Assessment | $169,000 | Total Assessment | $1,504,800 |
PROPERTY TAXES
Parcel Number
RYMD-000055-000000-000032
Land Assessment
$169,000
Improvements Assessment
$1,335,800
Total Assessment
$1,504,800
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