507 Main Street, Saco, ME 04072

LONG TERM LEASES: The Build-to-Suit Property was constructed in 2023 and features an attractive architectural design. Chipotle has 7 years remaining on their lease with four (4), 5-year renewal options, Jersey Mike’s has 7+ years remaining on their lease with three (3), 5-year renewal options, and Playa Bowls has a 10-year lease with two (2), 5-year renewal options. Chipotle benefits from outdoor seating and a dedicated drive-thru lane (Chipotlane).

ATTRACTIVE RENT INCREASES: Each of the leases calls for attractive rent increases every five years throughout the primary lease terms and at the start of each renewal option, providing the investor with an attractive increase in revenue and hedge against inflation.

MINIMAL LANDLORD RESPONSIBILITIES: All three tenants have net leases with minimal Landlord responsibilities. The tenants reimburse their pro-rata share of all operating expenses, including taxes, insurance, and common area maintenance, making it an attractive investment for the passive real estate investor.

DYNAMIC TENANT ROSTER: The Property features a corporate guarantee with Chipotle, one of the most sought-after restaurant brands in the country. Total revenue for 2024 was $11.3 billion, an increase of 14.6% compared to 2023. Jersey Mike’s, just named the #1 Franchise on Entrepreneur Magazine’s Franchise 500 ranking, is operated by JM Bedford, LLC, a strong regional franchisee with multiple locations throughout New England. Playa Bowls is a rapidly growing fast-casual restaurant concept specializing in açaí bowls, pitaya bowls, smoothies, juices, and other health-focused menu items. Founded in 2014 in Belmar, New Jersey. Today, Playa Bowls has grown into one of the largest superfruit bowl concepts in the United States, with more than 370 locations nationwide and a strong pipeline for continued expansion.

STRATEGIC RETAIL LOCATION: The Property is positioned at the signalized intersection of Smith Lane and Main Street (US Route 1), the area’s primary commercial and commuter corridor. The Property is surrounded by national and local retailers, restaurants, and service-oriented businesses that drive traffic to the immediate area and support consistent consumer draw. Additionally, Saco’s proximity to Saco Bay and Old Orchard Beach brings vacationers from the Boston Area and throughout New England during the warmer months. Saco’s economy is diversified and includes healthcare, education, retail, tourism, light industrial uses, and professional services. Saco benefits from its proximity to Interstate 95, U.S. Route 1, and the Downeaster passenger rail line, providing strong regional connectivity for residents and employers.

TRADE AREA: Notable tenants drawing consumers to the trade area include Hannaford, Shaw’s, Renys Department Store, Apple Cinemas, Funtown Splashtown USA, ConvenientMD, Walgreens, O’Reilly Auto Parts, Napa, VIP Tires, Starbucks, Aroma Joe’s, Dunkin, McDonald’s, Wendy’s, Taco Bell, KFC, IHOP, Little Caesars, and Cumberland Farms.

TRAFFIC COUNTS: The Property is positioned at the signalized intersection of Main Street (US Route 1) and Smith Lane, which sees more than 24,300 vehicles per day. The location is also next to I-195, with more than 22,500 vehicles per day passing by the Property.

DEMOGRAPHICS: Approximately 39,200 people live within 3 miles of the Property with an average household income of $97,310. More than 52,600 people live within 5 miles of the Property with an average household income of $107,383. Additionally, there are more than 22,800 employees within 5 miles of the Property.