Kobe Steakhouse and Sushi

  • $1.9M
Featured For Sale
380 Gorham Road, South Portland, ME 04106, USA
Featured

Kobe Steakhouse and Sushi

380 Gorham Road, South Portland, ME 04106, USA
  • $1.9M

Description

Marketing Description
The Boulder Group and Lee & Associates are pleased to exclusively market for sale a single tenant restaurant property leased Kobe Steakhouse & Sushi in South Portland, Maine. The Kobe Steakhouse & Sushi lease expires February 28th, 2026 and has four 5-year renewal options. There are 12% rental escalations every five years and in each renewal option.
The property is strategically located in a regional retail corridor and is an outparcel to The Maine Mall. The Main Mall is a 1,009,044 square foot shopping mall anchored by Macy’s, Apple, JCPenney, Best Buy and Sears. Directly accessible from both I-95 and I-295, The Maine Mall is the largest and most successful shopping center in Maine, enjoying a trade area that extends beyond a 30-mile radius and includes the state’s most affluent communities. Additional retailers in the area include Home Depot, Target, Walmart Supercenter, Lowe’s, Sam’s Club and Dick’s Sporting Goods. The property is also in close proximity to the Portland International Jetport and the many hotels that surround it.
Kobe Steakhouse & Sushi is a three-unit Japanese restaurant with their other locations in Bangor and Biddeford, Maine. Kobe Steakhouse & Sushi serves Hibachi-Sushi & popular Asian dishes including fresh, artful sushi, pad thai, Japanese noodle dishes, teriyaki sizzle plates, orange chicken, coconut shrimp. Additionally, they serve daily Hibachi style Lobster, Chicken, Steaks, Scallops, Shrimp & Salmon.

Investment Highlights
Strategically located in a dominant retail corridor and is an outparcel to The Maine Mall
The Main Mall is a 1,009,044 square foot shopping mall anchored by Macy’s, Apple, JCPenney, Best Buy and Sears and is the largest and most successful shopping center in Maine, enjoying a trade area that extends beyond a 30-mile radius and includes the state’s most affluent communities
Directly accessible from both I-95 and I-295
Additional retailers in the area include Home Depot, Target, Walmart Supercenter, Lowe’s, Sam’s Club and Dick’s Sporting Goods
Located in close proximity to the Portland International Jetport and the many hotels that surround it
No landlord responsibilities
12% rental escalations every five years
Four 5-year renewal options

Details

Updated on July 21, 2019 at 5:36 am
  • Property ID: 17430
  • Price: $1.9M
  • Property Size: 8200 sqft
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 230.26
  • Cap Rate: 7.15%
  • Net Operating Income: 135,000

Additional details

  • Lease Type: NNN
  • Lease Expiration: 02/28/2026
  • Remaining Term: 6.6 years
  • Units: 1
  • Address 380 Gorham Road, South Portland, ME 04106, USA
  • City South Portland
  • State/county Maine
  • Zip/Postal Code 04106
  • Country United States

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Contact Information

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Randy Blankstein
  • Randy Blankstein
  • 847-881-6388

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Randy Blankstein
  • Randy Blankstein