Current Property Income - $54,000 / year NNN
from Aroma Joe’s & Subway (income does not include fuel operation)
- 8 years left on both 10 year leases.
- Contract revenue grows @ 2.5% Years 6-10.
- Current cap rate nearly 12% (year one)
(ROI over Term 11-13%.
- With standard commercial loan, property. Could yield a 15% to 18%
return on equity. - Retail tenants generate income and collect Daily fuel revenue for ownership. - Fuel operation is currently revenue neutral. - Gas pumps and tanks can be removed from the property or actively
managed as gas/convenience operation added on to building. - Tenancy: Single Tenant
|50 Mb/s: Comcast|
|1.5 Mb/s: FairPoint Communications, Inc.|
|1.5 Mb/s: Biddeford Internet Corporation|
|1.5 Mb/s: Axiom Technologies|