Fortis Net Lease

• 15 (+/-) Years Left on Extended, Corporate Lease
• Total Rental Payments Exceed the Purchase Price Prior to Lease Expiration
• Lease Extended Early in Return for a Minimal ($12,000) Rent Reduction
• Rare Rent Escalations No Longer Offered By TSC of 10%

Fortis Net Lease is proud to present a free standing Tractor Supply Company located in Lewiston, Maine on Lisbon Street conveniently located off of the I-95 Maine Turnpike. The Investment features a brand new 15 Year NN lease that was extended early from the original commencement date in 2009. The NN lease requires minimal landlord responsibilities. The lease features a 10% rental increase in 2019, and will again jump 10% in 2024, generating significant cash flow for an astute investor.
The Investment also concludes with Four, Five (5) year option periods all of which will also attribute 10% rent increases. The lease is double net in nature, which leaves the landlord responsible for the roof & structure, and parking lot of the property. The tenant is responsible for general liability insurance and taxes on the property. Additionally, the lease is corporately guaranteed by Tractor Supply Company, Inc.

The subject property is surrounded by various nationwide wide tenants that include a Walmart Distribution Center, Lowe’s, Home Depot, Best Buy, and is also home to Bates University. The average household income within 2 miles of the property is over $57,000 and the population within 6 miles if over 74,000.