TD Bank
Retail | 5.25% CAP | 3,000 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a TD Bank located at 1410 Congress St, Portland, ME 04102. The site consists of roughly 3,000 rentable square feet of building space on an estimated 0.23-acre parcel of land. This TD Bank is subject to a 15-year Triple Net (NNN) lease, which commenced 5/1/2011. The annual rent increases to $140,493 in May 2026 and has scheduled increases of 12.00% every 5 years.
Investment highlights
Long Term Operation History & Recent Lease Extension | TD Bank has been operating at this location since 2011, and recently exercised a 10-year lease extension highlighting their commitment to this location.
Attractive 12% Rent Increases Every 5 Years | The TD Bank lease carries 12% rent increases every 5 years in the base term as well as in the one remaining five-year renewal option period providing a strong hedge against inflation.
Excellent Branch Deposits | This TD Bank branch has over $225M in deposits indicating a large community presence, market strength, and strong customer relationships.
Outstanding Demographics and Affluent Community | There are over 10,700 people residing within a one-mile radius, and over 126,900 individuals within a five-mile radius of the property. Additionally, the average household income exceeds $103,500 within a one-mile radius making this an ideal location for a bank branch.
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