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.
| MLS # | 1674587 |
|---|---|
| Listing Type | For Sale |
| Style | General Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 47 |
| Listing Provided By | EXP Realty | Edward Herczeg |
| SQ Feet | 3,566 |
|---|---|
| Story(s) | 1 |
| Zoning | Coml |
| Acreage | 0.96 |
| Parking Features | 11 - 20 Spaces |
|---|
| Electric | Circuit Breakers |
|---|
| Tax Book Number | 30030 |
|---|---|
| Tax Block | 030 |
| Tax Lot | 000 |
| Tax Map Number | 055 |
| State | ME |
|---|---|
| County | Cumberland |
| City | Raymond |
| Zip Code | 04071 |
| Area | Cumberland |
| Listing VS Median (in 04071) | |
Price: $3,500,000 low | high Med: $872,500 sqft: 3,566 low | high Med: 1,507 $ / sqft: $981 low | high Med: $716 On site: 47 low | high Med: 60 | |
| State | ME |
|---|---|
| County | Cumberland |
| City | Raymond |
| Zip Code | 04071 |
| Area | Cumberland |
| Listing VS Median (in 04071) | |
Price: $3,500,000 low | high Med: $872,500 sqft: 3,566 low | high Med: 1,507 $ / sqft: $981 low | high Med: $716 On site: 47 low | high Med: 60 | |