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Grocery Store

BJ’s Wholesale Club w/ Gas Station | Maine | Long Term Lease | Across Target, Lowe’s & Burlington

110 Longview Dr, Bangor, ME 04401

Listing Price: $12,855,917

Cap Rate
6.00%
Tenant Name
BJ's Wholesale
Years Remaining On Lease
13.4
Gross SF
91,828
Guarantor
Corporate Guarantee
Rentable SF
91,828
Price/Gross SF
$140.00
Lease Type
Double Net
Rent Per Square Feet
$8.40

Investment Overview

Bangor is the county seat of Penobscot County and the third largest settlement in Maine with a population of over 30,000 in the city limits and over 150,000 in the Bangor Metropolitan Area. Bangor is also the largest market town, distribution center, transportation hub and media center in a five-county area whose population tops 330,000. Bangor was established in the mid-19th century with the lumber and shipbuilding industries and became the world’s largest lumber port, a history memorialized by a 31-foot-high statue of Paul Bunyan on Main Street. Bangor later transitioned to the pulp and paper industry before shifting its economic activity to services, retail, education (with two nearby colleges) and healthcare (with two large hospitals). Bangor International Airport offers service to a number of cities with United, Delta, and American Airlines.

Investment Highlights

  • Long Term Lease w/ Rental Increases Every 5 Years throughout the Initial Term & Options. Features Numerous Amenities Including a Tire Center, Gas Station, Propane Tank Refill Station and more.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. Immediate Access to/from I-95 (28k+ VPD).
  • A Short Drive from Eastern Maine Medical Center - 2nd Largest Hospital in the State with 411 Beds, serves more than 40% of the Population of the State and is the 6th Largest Employer in the State.
  • Located Directly Across from Target, Lowe's & Burlington and Near Numerous other National Retailers Including The Home Depot, Walmart Supercenter, Sam's Club, Hobby Lobby, Best Buy and many more.
  • Located just South from The University of Maine - the State's only Public Research University with an Enrollment of 11,500+ Students. UMaine is the State's Largest College or University.
  • Less than a Mile from Bangor Mall - a 60-Acre Shopping Center with over 80 stores. Bangor Mall is the Shopping Destination for the Top Two-Thirds of Maine.
  • Minutes from Bangor International Airport - One of three International Airports in the State, it serves the Residents of Central, Eastern, and Northern Maine as well as parts of Canada.
  • In Close Proximity to Eastern Maine Community College - a 72-Acre Campus that offers 30 One- and Two-year Degree Programs.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s) ME: DB904355

    Maine

Financing By

Grocery Store

BJ’s Wholesale Club w/ Gas Station | Maine | Long Term Lease | Across Target, Lowe’s & Burlington

Listing Price: $12,855,917

Cap Rate
6.00%
Tenant Name
BJ's Wholesale
Years Remaining On Lease
13.4
Gross SF
91,828
Guarantor
Corporate Guarantee
Rentable SF
91,828
Price/Gross SF
$140.00
Lease Type
Double Net
Rent Per Square Feet
$8.40

Investment Highlights

  • Long Term Lease w/ Rental Increases Every 5 Years throughout the Initial Term & Options. Features Numerous Amenities Including a Tire Center, Gas Station, Propane Tank Refill Station and more.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. Immediate Access to/from I-95 (28k+ VPD).
  • A Short Drive from Eastern Maine Medical Center - 2nd Largest Hospital in the State with 411 Beds, serves more than 40% of the Population of the State and is the 6th Largest Employer in the State.
  • Located Directly Across from Target, Lowe's & Burlington and Near Numerous other National Retailers Including The Home Depot, Walmart Supercenter, Sam's Club, Hobby Lobby, Best Buy and many more.
  • Located just South from The University of Maine - the State's only Public Research University with an Enrollment of 11,500+ Students. UMaine is the State's Largest College or University.
  • Less than a Mile from Bangor Mall - a 60-Acre Shopping Center with over 80 stores. Bangor Mall is the Shopping Destination for the Top Two-Thirds of Maine.
  • Minutes from Bangor International Airport - One of three International Airports in the State, it serves the Residents of Central, Eastern, and Northern Maine as well as parts of Canada.
  • In Close Proximity to Eastern Maine Community College - a 72-Acre Campus that offers 30 One- and Two-year Degree Programs.

Investment Overview

Bangor is the county seat of Penobscot County and the third largest settlement in Maine with a population of over 30,000 in the city limits and over 150,000 in the Bangor Metropolitan Area. Bangor is also the largest market town, distribution center, transportation hub and media center in a five-county area whose population tops 330,000. Bangor was established in the mid-19th century with the lumber and shipbuilding industries and became the world’s largest lumber port, a history memorialized by a 31-foot-high statue of Paul Bunyan on Main Street. Bangor later transitioned to the pulp and paper industry before shifting its economic activity to services, retail, education (with two nearby colleges) and healthcare (with two large hospitals). Bangor International Airport offers service to a number of cities with United, Delta, and American Airlines.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s): ME: DB904355

    Maine

Financing By

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