request_info_guest false

Papa John's

$553,800

222 Elm St, Biddeford, ME 04005

Active
Last Updated: 03/07/2025

6.5

Cap Rate

36,000

NOI

Details:
Cap Rate:    6.5%
NOI:    $36,000
Building Size:    1,311 sqft
Lot Area:    0.1141 acres
Units:    1
Year Built:    1987
Floors:    1
Highlights:
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Over 4 Years Remaining in the Term with One, 5-Year Option Available
  • Situated at the Signalized Intersection of Elm Street and South Street
  • Excellent Visibility Along Elm Street Which Has Traffic Counts Exceeding 17,200 VPD
  • Lease Guaranteed by a 15-Unit Operator
Description:

.

Biddeford is a city in York County, Maine. It is the principal commercial center of York County. Its population was 22,552 at the 2020 census. The twin cities of Saco and Biddeford include the resort communities of Biddeford Pool and Fortunes Rocks. The town is the site of the University of New England and the annual La Kermesse Franco-Americaine Festival. First visited by Europeans in 1616, it is the site of one of the earliest European settlements in the United States. It is home to Saint Joseph's Church, the tallest building in Maine.

Biddeford is a principal population center of the Portland-South Portland-Biddeford metropolitan statistical area. Biddeford is one of Maine's fastest-growing commercial centers, due to its close proximity to the Seacoast Region of New Hampshire and to northern Massachusetts. In recent years, strip malls have developed along the State Route 111 corridor. In late 2006, a 500,000-square-foot shopping center known as The Shops at Biddeford Crossing opened, with 20 stores and five restaurants.

Recent interest in revitalizing the downtown area has brought new life to the old mills. The North Dam Mill is one example of this movement offering retail stores, art studios, cultural events, and upscale housing. Biddeford is home to large institutions including Maine Health Maine Medical Center Biddeford and the University of New England, a fast-growing school located along the coast which includes Maine's only medical school, the University of New England College of Osteopathic Medicine. Telecommunications company GWI.net is headquartered in the city. The city also possesses a wide array of community facilities including public beaches, an ice arena, a full-service YMCA, and one school which has been recently recognized as a National School of Excellence.

Map:
Location