Attractive net leased investment offering now available in Bridgton. The property has a long history as a NAPA Auto Supply and is home to the Bridgton Water District. This two building offering has provided stable investment income with below market lease rates. The lease to NAPA has an increase in rent upon lease renewal for another 5 year term and the bump in rent mid term for the Water District provides increased cash flow in the near future. NOI- $70,433 Year offered at a 7.5% cap rate
Property UsesAuto Service, Freestanding Building, Net Leased, Office Building, Retail, Vehicle Related
Address237 Portland Road
Broker NameKeller Williams Realty
Number of Photos4
Last Img Trans Date05/04/2021
Experience says it all:
Philip was totally awesome! We were looking for a summer home to be near the kids, so naturally we live out of state. He helped us find several houses that was in our price range. We started to make an offer on one but out of the blue a house we had been looking at previously, that went off the market was offered to Trulia for a day. Needless to say we jumped on it and made an offer that day and it is now ours. Philip went above and beyond to help us close on it. He handled everything and we are so thankful for having him as our agent. If we ever need an agent Philip will be the first and only agent we will call.