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1237 Roosevelt Trail

Raymond

$3,500,000

beds   ·   baths   ·   3,566 sqft   ·   0.96 acres   ·   taxes: $0   ·   MLS#: 1674587

INVESTMENT HIGHLIGHTS Absolute NNN Lease: Tenant pays taxes, insurance, and maintenance. Investment-Grade Credit: Secure cash flow backed by an S&P: BBB rated tenant. Global Brand Recognition: Corporate lease with an established convenience/gas brand operating 14,800+ stores. Embedded Rental Growth: Built-in 5% rent escalations at each upcoming renewal option.Long-Term Operational History: Currently thriving in its first 5-year extension option. Strong Remaining Options: Two additional 5-year options left to ensure long-term occupancy. LOCATION OVERVIEW High-Traffic Corridor: Prominently situated on Route 302 in Raymond, Maine. Gateway to Sebago Lake: Located in a premier year-round recreational destination. Sustained Seasonal Surges: High tourist traffic during peak summer and winter vacation seasons. Proximity to Major Hubs: Only 20 miles from the Portland-South Portland metropolitan area.Regional Accessibility: Positioned 130 miles north of Boston for easy interstate access. PROPERTY & LEASE SUMMARY Feature Property Lease Detail Type Absolute NNN Tenant Credit Rating S&P: BBB (Investment Grade) Total Global Locations14,800+ Original Lease Term10 Years Current Lease Phase First 5-Year Extension (3 Years Remaining) Future Renewal Options Two (5-Year) Options Remaining Rental Increases 5% Bumps At Each Extension.

MORE DETAILS

Structure

  • Electric : Circuit Breakers

Site

  • Zoning : Coml
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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy