Seri Bryant

Associate

818.212.2655

"

The quality of your thinking determines the quality of your life. "

Danny Abergel

Senior Associate

CA BRE: 01797904

818.212.2715

"

Beware of the little expenses. A small leak can sink a great ship."

Rebekah Snyder

Senior Research Analyst

818.212.2731

"

Two things define you. Your patience when you have nothing, and your attitude when you have everything."

Ezra Orr

Senior Director, Digital Development

818.212.2730

"

The only person you should try to be better than is the person you were yesterday."

Jesica Ocheltree

Operations Manager

818.212.2730

"

Happiness is a choice, not a result. "

Kathy Magallanes

Certified Agent Support Specialist

"

Success is not in what you have, but who you are."

LongHorn Steakhouse

300 Maine Mall Road, South Portland, ME 04106

Price:
$3,578,585
CAP Rate:
5.30%
NOI:
$189,665
Net Rentable Area:
5,901 SF
Lot Size:
0.68 Acres
Year Built:
2002
Status:
Available

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • 9 years remaining on NNN ground lease. No landlord responsibilities
  • Original lease commenced 9/2001. Tenant recently exercised their second option early, taking the lease through 8/2029. Shows Tenant’s strong desire to remain at location
  • Site has remained open for business during the pandemic with no rent abatement or deferral
  • Outpad to Apple Maine Mall, the region’s destination retail
  • Located directly off Maine Turnpike (Toll Road) (a/k/a the I-95) and Running Hill Road

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