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TD Bank 1410 Congress St 3,000 SF Retail Building Portland, ME 04102 $2,676,053 ($892.02/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- eration History & Recent Lease Extension
- Excellent Branch Deposits
- Attractive 12% Rent Increases Every 5 Years
- Outstanding Demographics and Affluent Community
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a TD Bank located at 1410 Congress St, Portland, ME 04102. The site consists of roughly 3,000 rentable square feet of building space on an estimated 0.23-acre parcel of land. This TD Bank is subject to a 15-year Triple Net (NNN) lease, which commenced 5/1/2011. The annual rent increases to $140,493 in May 2026 and has scheduled increases of 12.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,000 SF
Building Class
B
Year Built/Renovated
2010/2023
Price
$2,676,053
Price Per SF
$892.02
Cap Rate
5.25%
NOI
$140,493
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.23 AC
Frontage
174’ on Congress St
AMENITIES
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | PTLD-000197-000000-B019001 | Improvements Assessment | $938,400 |
| Land Assessment | $274,800 | Total Assessment | $1,213,200 |
PROPERTY TAXES
Parcel Number
PTLD-000197-000000-B019001
Land Assessment
$274,800
Improvements Assessment
$938,400
Total Assessment
$1,213,200
CONTACTS
-
Josh Kanter -
Anthony D'Ambrosia -
Kevin Burke -
Glen Kunofsky -
Christopher Marks -
Surmount
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TD Bank | 1410 Congress St
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