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Pizza Hut 875 Sabattus St 2,402 SF Retail Building Lewiston, ME 04240 $1,188,957 ($494.99/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Rent to Sales Ratio
- Long Term Lease
- 10% Rent Increase in 2027
- Strategic Retail Location
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate leased Pizza Hut located at 875 Sabattus Street in Lewiston, Maine (the “Property”). Pizza Hut has been at this location since 2002 and executed a long-term lease extension in 2022 demonstrating their commitment to the site and the market. Pizza Hut has 11+ years remaining on their Absolute NNN lease with two (2), 5-year renewal options. The lease features a 10% rent increase every five years throughout the base term and at the start of each of the renewal options. Pizza Hut enjoys outstanding visibility and frontage along Sabattus Street (ME Route 126), one of the primary commercial corridors traversing Lewiston, and is 1.5-miles from Bates College and Saint Mary’s Regional Medical Center. The Property is also just 2-miles from Main Street (US Route 202) and 3-miles from Interstate 95.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,402 SF
Building Class
C
Year Built
1988
Price
$1,188,957
Price Per SF
$494.99
Cap Rate
5.75%
NOI
$68,365
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Zoning
C - Commercial
Parking
21 Spaces (8.74 Spaces per 1,000 SF Leased)
Frontage
178’ on Maine 126
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | LEWI-000119-000000-000206 | Improvements Assessment | $268,140 |
| Land Assessment | $121,440 | Total Assessment | $389,580 |
PROPERTY TAXES
Parcel Number
LEWI-000119-000000-000206
Land Assessment
$121,440
Improvements Assessment
$268,140
Total Assessment
$389,580
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Pizza Hut | 875 Sabattus St
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