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Listed by Edward Herczeg EXP Realty
$3,500,000
Est. payment /mo
3,566 SqFt
Active
1237 Roosevelt TRL Raymond, ME 04071
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Key Details
Property Type Commercial
Sub Type General Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,566 sqft
Price per Sqft $981
MLS Listing ID 1674587
HOA Y/N No
Lot Size 0.960 Acres
Acres 0.96
Property Sub-Type General Commercial
Source Maine Listings
Land Area 3566
Property Description
INVESTMENT HIGHLIGHTS
Absolute NNN Lease:
Tenant pays taxes, insurance, and maintenance.
Investment-Grade Credit: Secure cash flow backed by an S&P: BBB rated tenant. Global Brand Recognition:
Corporate lease with an established convenience/gas brand operating 14,800+ stores. Embedded Rental Growth: Built-in 5% rent escalations at each upcoming renewal option.Long-Term Operational History: Currently thriving in its first 5-year extension option. Strong Remaining Options: Two additional 5-year options left to ensure long-term occupancy.
LOCATION OVERVIEW High-Traffic Corridor: Prominently situated on Route 302 in Raymond, Maine. Gateway to Sebago Lake: Located in a premier year-round recreational destination. Sustained Seasonal Surges: High tourist traffic during peak summer and winter vacation seasons. Proximity to Major Hubs: Only 20 miles from the Portland-South Portland metropolitan area.Regional Accessibility: Positioned 130 miles north of Boston for easy interstate access.
PROPERTY & LEASE SUMMARY
Feature Property Lease Detail
Type Absolute NNN
Tenant Credit Rating S&P: BBB (Investment Grade) Total Global Locations14,800+
Original Lease Term10 Years
Current Lease Phase First 5-Year Extension (3 Years Remaining) Future Renewal Options Two (5-Year) Options Remaining Rental Increases 5% Bumps At Each Extension.
Absolute NNN Lease:
Tenant pays taxes, insurance, and maintenance.
Investment-Grade Credit: Secure cash flow backed by an S&P: BBB rated tenant. Global Brand Recognition:
Corporate lease with an established convenience/gas brand operating 14,800+ stores. Embedded Rental Growth: Built-in 5% rent escalations at each upcoming renewal option.Long-Term Operational History: Currently thriving in its first 5-year extension option. Strong Remaining Options: Two additional 5-year options left to ensure long-term occupancy.
LOCATION OVERVIEW High-Traffic Corridor: Prominently situated on Route 302 in Raymond, Maine. Gateway to Sebago Lake: Located in a premier year-round recreational destination. Sustained Seasonal Surges: High tourist traffic during peak summer and winter vacation seasons. Proximity to Major Hubs: Only 20 miles from the Portland-South Portland metropolitan area.Regional Accessibility: Positioned 130 miles north of Boston for easy interstate access.
PROPERTY & LEASE SUMMARY
Feature Property Lease Detail
Type Absolute NNN
Tenant Credit Rating S&P: BBB (Investment Grade) Total Global Locations14,800+
Original Lease Term10 Years
Current Lease Phase First 5-Year Extension (3 Years Remaining) Future Renewal Options Two (5-Year) Options Remaining Rental Increases 5% Bumps At Each Extension.
Location
State ME
County Cumberland
Zoning Coml
Exterior
Parking Features 11 - 20 Spaces
Building
Story 1
Others
Tax ID 1237RosseveltTrailRaymond04071
NEARBY SCHOOL & BUSINESS
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