875 Sabattus St - Fast Food FOR SALE


Lewiston, ME 04240
$1,188,957 USD
781-776-4001
875 Sabattus St, Lewiston, ME for Sale
$1,188,957 USD
Fast Food - FOR SALE
1/7
null | 5.75% Cap Rate

875 Sabattus St
Lewiston, ME 04240


HIGHLIGHTS

  • Strong Rent to Sales Ratio
  • 10% Rent Increase in 2027
  • Long Term Lease
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate leased Pizza Hut located at 875 Sabattus Street in Lewiston, Maine (the “Property”). Pizza Hut has been at this location since 2002 and executed a long-term lease extension in 2022 demonstrating their commitment to the site and the market. Pizza Hut has 11+ years remaining on their Absolute NNN lease with two (2), 5-year renewal options. The lease features a 10% rent increase every five years throughout the base term and at the start of each of the renewal options. Pizza Hut enjoys outstanding visibility and frontage along Sabattus Street (ME Route 126), one of the primary commercial corridors traversing Lewiston, and is 1.5-miles from Bates College and Saint Mary’s Regional Medical Center. The Property is also just 2-miles from Main Street (US Route 202) and 3-miles from Interstate 95.

FOR SALE DETAILS

PRICE

$1,188,957 USD

PRICE/SF

$495 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C

APN/PARCEL ID

LEWI-000119-000000-000206

ASK ABOUT THIS PROPERTY

Todd TremblayHorvath & TremblayMore Info
781-776-4001

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Todd TremblayHorvath & TremblayMore Info
781-776-4001

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