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Chipotle, Playa Bowls & Jersey Mike's 507 Main St 5,363 SF 100% Leased Retail Building Saco, ME 04072 $5,001,279 CAD ($932.55 CAD/SF) 6.15% Cap Rate
Investment Highlights
- Long Term Leases
- Minimal Landlord Responsibilities
- Strategic Retail Location
- Attractive Rent Increases
- Dynamic Tenant Roster
- Great Trade Area
Executive Summary
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
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 Mexican Grill began in 1993 with a first restaurant built around made-to-order Mexican-inspired food. The company operates as a fast-casual restaurant business focused on burritos, bowls, quesadillas, tacos, salads, catering, digital ordering, and rewards. Chipotle emphasizes real ingredients, responsible sourcing, and sustainability across food and animals, people, and the environment, with a market presence that extends beyond the United States.
-
- Accommodation and Food Services
- 1,414 SF
- -
- Triple Net
- Jul 2033
Jersey Mike's Subs began in Point Pleasant, New Jersey, in 1956 as Mike's Subs, a neighborhood sandwich shop that later became Jersey Mike's Subs. Jersey Mike's Subs operates as a fast-casual restaurant franchisor centered on submarine sandwiches, with menu items prepared Mike's Way and customer channels that include online ordering and catering. Jersey Mike's Subs has grown into a wide franchise network across the United States and Canada, with more than 3,300 locations.
- 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 |
Nearby Major Retailers
Property Taxes
| Parcel Number | SACO-000033-000002-000001 | Improvements Assessment | $1,996,981 CAD |
| Land Assessment | $2,290,144 CAD | Total Assessment | $4,287,124 CAD |
Property Taxes
Presented by
Chipotle, Playa Bowls & Jersey Mike's | 507 Main St
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