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Investment Highlights

  • Long Term Leases
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • Attractive Rent Increases
  • Dynamic Tenant Roster
  • Great Trade Area

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the three-tenant plaza located at 507 Main Street in Saco, Maine (the “Property”). The newer constructed, three-tenant plaza is improved with Chipotle, Jersey Mike’s and Playa Bowls and contains 5,363 square feet on a 1.66-acre parcel. Chipotle has 7 years left on its lease with four (4), 5-year renewal options, Jersey Mike’s has 7+ years remaining on its lease with three (3), 5-year renewal options, and Playa Bowls has a new 10-year lease with two (2), 5-year renewal options. All three leases call for attractive rent increases throughout the primary lease terms and at the start of each of the renewal option periods.
The Plaza is well located at the signalized intersection of Main Street (US Route 1) and Smith Lane and enjoys outstanding visibility, frontage and access. Positioned just north of Downtown Biddeford and Saco, the Property is 0.5 miles from Interstate 195 and 2 miles from Interstate 95, providing convenient access to Portland and Saco Bay, and connectivity throughout southern Maine. The site is also convenient to nearby residential neighborhoods, multifamily housing, and area schools, providing a built-in customer base. Saco is located in York County, approximately 15 miles south of Portland.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,363 SF
Building Class
B
Year Built
2023
Price
$5,001,170 CAD
Price Per SF
$932.53 CAD
Cap Rate
6.15%
NOI
$307,572 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
1.66 AC
Opportunity Zone
Yes
Zoning
B-2C - B-2C Highway Business District
Frontage
115’ on Main St

Amenities

  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 2,563 SF
  • -
  • Double Net
  • Mar 2033

Chipotle est né de la croyance radicale qu'il existe un lien entre la façon dont les aliments sont élevés et préparés, et son goût. Le réel, c'est mieux. Mieux pour vous, Mieux pour les gens, Mieux pour notre planète. C'est peut-être la façon difficile de faire les choses, mais c'est la bonne façon.

  • Accommodation and Food Services
  • 1,414 SF
  • -
  • Triple Net
  • Jul 2033

Chez Jersey Mike's, ils offrent un sous-programme ci-dessus, qui est mesuré en plus de pouces ou de secondes jusqu'à ce qu'il soit servi. Ils examinent attentivement tous les aspects de ce qu'ils font : chaque tranche, chaque sandwich, chaque magasin. Ils fournissent également à leurs clients de la subsistance et de la substance. Chez Jersey Mike's, ils pensent que les clients devraient donner pour une raison et une seule raison : donner. Leur culture du don au Jersey Mike's fait autant partie de leur héritage que l'huile et le vinaigre. Ils croient que faire un excellent sous-sandwich et faire une différence peuvent être une seule et même chose. Chaque magasin qu'ils ouvrent commence par un partenariat avec un organisme de bienfaisance de la communauté locale. Parce qu'à leur avis, le travail d'un sous-marin ne consiste pas simplement à avoir bon goût. Un sous-sous-type devrait aussi faire du bien. Il a commencé en 1956, dans cette vitrine et s'appelait à l'origine Mike's Sub. Mike ouvrit la petite boutique dans la ville de Point Pleasant, en bordure de mer, au New Jersey. Pour survivre et prospérer, ils devaient offrir des produits de qualité exceptionnelle.

  • Playa Bowls
  • Accommodation and Food Services
  • 1,414 SF
  • -
  • Double Net
  • Nov 2036
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services 2,563 SF - Double Net Mar 2033
Accommodation and Food Services 1,414 SF - Triple Net Jul 2033
Playa Bowls Accommodation and Food Services 1,414 SF - Double Net Nov 2036
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
Hannaford
Chase Bank
Bank of America
IHOP
Aroma Joe's
Norway Savings Bank
Camden National Bank
Amato's
Shaw's

Property Taxes

Property Taxes

Parcel Number
SACO-000033-000002-000001
Land Assessment
$2,299,427 CAD
Improvements Assessment
$2,005,076 CAD
Total Assessment
$4,304,504 CAD
  • Listing ID: 40773623

  • Date on Market: 2026-06-03

  • Last Updated:

  • Address: 507 Main St, Saco, ME 04072

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