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481 S 1 Pembroke, ME 04666

For Sale
$1,294,000

9,100 SF retail building built in 2016 on 2.10 acres.

Property size:
9,100 SF

Property Features for 481 S 1

General Information

Size
9,100 SF

Building Details

Year built
2016

Source: Douglas Erickson, CCIM Agent Douglas Erickson, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Modern Retail Building in Pembroke

Located in the Pembroke area, this 9,100 square foot building, constructed in 2016, presents an investment opportunity. The property is suited for retail and street retail ventures, offering space for showcasing products and attracting customer traffic. Situated on 2.10 acres, the property includes a large, paved parking area. The building is currently under a fifteen-year lease with approximately six years remaining. The lease is NNN, meaning no Landlord responsibilities. The lease includes three five-year options to renew, each with 10% increases in each renewal term. The tenant has good credit with a strong corporate guaranty. The trade area has a population of over 11,000 with a median family income of $71,895. The building has a 400-amp service with circuit breakers and private water and sewer.
Location Intelligence

Current Use by Public Records

Storefront properties

Map

City
Pembroke
County
Washington
State
Maine
Longitude
-67.2405
Latitude
44.9808

FAQs

What type of property is this?
Storefront property - 9,100 SF retail building built in 2016 on 2.10 acres.
Where is this storefront property located?
The property is located at 481 S 1 Pembroke, ME.
What is the asking price?
The asking price for this property is $1,294,000.
What are key features of this property?
This property features: - Strong Investment: Enjoy 6+ years remaining on a 15-year NNN lease, offering a truly passive income stream.; - Renewal Options: The lease includes three 5-year renewal options, each with a 10% rent increase.; - Creditworthy Tenant: Secured by a good credit tenant with a strong corporate guaranty.
More about this property
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