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Freestanding NNN Retail Property
New
For Sale
$895,000

581 Main St, South Portland, ME 04106

A single-tenant building is leased under a 10-year triple net agreement.

Property Size2,172 SF
Lot Size0.30 Acres
Price / SF$412.06
Days on Market7

Property Features for 581 Main St

General Information

Standard status Active
Size 2,172 SF
Lot size 0.30 Acres
Property subtype Retail

Building Details

Building Size 2,172 SF
Year Built 1970
Buildings 1
Tenancy Single
Listed By: Jon Rizzo, SIOR
Source: Boulos
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 14 at 8:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jon Rizzo, SIOR

Investment Insights

Based on property information with market context.

The freestanding retail building contains 2,172± SF and is occupied by a single tenant. The property is subject to a 10-year triple net lease and sits on a 0.30± acre lot. Dedicated parking is provided on site, and the building has signage.

Key Highlights

  • 2,172± SF freestanding retail building
  • Single tenant under a 10‑year triple net lease
  • 0.30± acre lot

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Electrical Service Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby
31k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Shops & Services 33% Hotels & Casinos 20%
Aroma Joe's Dining
14,411 visits/mo 0.2 miles
Dollar General Shops & Services
5,135 visits/mo 0.4 miles
Mobil Shops & Services
5,056 visits/mo 0.4 miles
Best Western Merry Manor Inn Hotels & Casinos
3,402 visits/mo 0.4 miles
Howard Johnson by Wyndham South Portland Hotels & Casinos
1,637 visits/mo 0.3 miles

Demographics for 04106, ME

26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
NNN property - A single-tenant building is leased under a 10-year triple net agreement.
Where is this nnn property located?
The property is located at 581 Main St South Portland, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,172± SF freestanding retail building; Single tenant under a 10‑year triple net lease; 0.30± acre lot
More about this property
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