400 Narragansett Trl - Retail FOR SALE


Buxton, ME 04093
$1,325,000 USD
207-491-1660
400 Narragansett Trl, Buxton, ME for Sale
$1,325,000 USD
Retail - FOR SALE
1/2
null | 7.5% Cap Rate

NEW


400 Narragansett Trl
Buxton, ME 04093


HIGHLIGHTS

  • High Visibility
  • Lighted Intersection

OVERVIEW

Located on the corner of Narragansett Trail (Route 202) and Main Street/Portland Road, and at a lighted intersection, this highly visible property is available for sale. The anchor tenant; Aubuchon recently made a significant investment in upgrading the space it has occupied since 2003. Aubuchon has an NNN lease with performance bounces that runs through 2043. There is also an additional 3,500+/- square foot two floor front section awaiting the next owners; Empty space has been cleaned up and painted to create a blank canvas for the next occupant. Perfect for an owner user looking for a high visibility location (think Real Estate Office, Attorney, Retail, etc.) or the investor looking to add value. The 7.5% Cap Rate is without the front section rented, with the front section leased the Cap Rate would be above 10%.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.9 AC

LAND SF

126,324 SF

ZONING

BUXTON

APN/PARCEL ID

BUXT-000010-000000-000001-000002

ASK ABOUT THIS PROPERTY

John GrahamJohn Graham Real EstateMore Info
207-491-1660

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John GrahamJohn Graham Real EstateMore Info
207-491-1660

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