1410 Congress St - Bank FOR SALE


Portland, ME 04102- Libbytown
$2,676,053 USD
617-865-1145
1410 Congress St, Portland, ME for Sale
$2,676,053 USD
Bank - FOR SALE
1/3
null | 5.25% Cap Rate

1410 Congress St
Portland, ME 04102
Libbytown


HIGHLIGHTS

  • eration History & Recent Lease Extension
  • Attractive 12% Rent Increases Every 5 Years
  • Excellent Branch Deposits
  • Outstanding Demographics and Affluent Community

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,676,053 USD

PRICE/SF

$892 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TD Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

-

APN/PARCEL ID

PTLD-000197-000000-B019001

ASK ABOUT THIS PROPERTY

Josh KanterSurmountMore Info
617-865-1145

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Josh KanterSurmountMore Info
617-865-1145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.