2.54 AC Parcel of Land | Strong Retail Synergy

15 Danielle Drive, Windham, ME

$1,440,000

Price

10%

Cap Rate

6,000 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
10%
Building Size
6,000 sqft
Lot Area
2.54 acres
Year Built
2005
Description

LEASE & PROPERTY DETAILS
• LONG-TERM LEASES: There are ±10 years remaining on the base term of the leases, providing stability and security for investors.
• HIGH-YIELDING INVESTMENT: The property is being offered at a Year-1 in-place cap rate of 10.00%.
• ATTRACTIVE RENTAL INCREASES: $12,000 cumulative annual rental increase.
• NNN LEASES: Both leases are NNN.

LOCATION HIGHLIGHTS
• LARGE PARCEL: ±6,000 SF building sits on a ±2.54 AC parcel of land.
• STRONG RETAIL SYNERGY: The subject property is surrounded by national retailers such as F.W. Webb Company, Tractor Supply and Camping World.
• AFFLUENT AREA: The average household income within a 1-mile radius of the subject property is over $100,000.

Documents
Title
Offering Memorandum
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Location
Gallery