507 Main Street

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507 Main Street

Saco, ME 04072
Asking Price
$3.61M
Cap Rate
6.15%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Retail | 6.15% Cap Rate | 5,363 Sq Ft <p><strong>LONG TERM LEASES:</strong> The Build-to-Suit Property was constructed in 2023 and features an attractive architectural design. Chipotle has 7 years remaining on their lease with four (4), 5-year renewal options, Jersey Mike’s has 7+ years remaining on their lease with three (3), 5-year renewal options, and Playa Bowls has a 10-year lease with two (2), 5-year renewal options. Chipotle benefits from outdoor seating and a dedicated drive-thru lane (Chipotlane). </p><p><strong>ATTRACTIVE

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NOI
$80,000
Cap Rate
2.21%
DSCR
0.37
Underwater
Cash-on-Cash
-12.41%
Monthly Payment
$17,871.091
Annual Cash Flow
$-134,453.09

Location & Travel Times