INVESTMENT OFFERING
SAB Capital is pleased to present Raymond Shopping Center, a Family Dollar-anchored shopping center in Raymond, ME, about 18 miles from Portland. The property is 100% occupied with 9 tenants across 32,000 square feet. Notably, the entire rent roll is subject to Triple Net (NNN) leases.
- Family Dollar-anchored Center in Raymond, ME | 18 Miles Northwest of Portland
- Minimal Expense Exposure | All Tenants Paying Triple Net (NNN) Leases With Reimbursements
- Extensive Recent Capital Expenditure | Roof and Parking Lot Replaced in 2013 | Family Dollar Full Renovation and Space Extension Done in 2021 | New Septic System and Tanks Installed with Heavy Duty Chambers That Can Be Driven On in 2019
- Long Term Occupancy | 70% of Square Footage Has Been at the Center for Over 9 Years
- Built-In Hedges Against Inflation | 58% of Square Footage Has Rent Escalations in Base Term
- High-Credit Anchor | Dollar Tree-Family Dollar is the 137th Largest Company in Fortune 500 | Over $26B Revenue in 2021
- Growing Local Population | 19.6% Population Growth in 5 Miles Since 2010 | Projected 5.9% Growth Through 2027
- Wealthy Local Demographics | Average Household Income in 5 Mile is Over $95,000
- Strong Surrounding of Retail | Nearby Retailers Include Circle K, Dunkin’, and Salvation Army
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Raymond Shopping Center | $3,940,760 | 7.59% | NNN | 31,749 | Closed |
