|Last Updated Date||16 Mar 2020|
The Property is conveniently situated on a 1.63-acre parcel adjacent to the Bangor Mall. The outparcel contains roughly 80 parking spaces with additional parking via easements with the mall. This ample space will be able to accommodate the 13,000+ vehicles that travel Stillwater Avenue daily. Nationally recognized tenants such as The Home Depot, Kohl’s, Bed Bath & Beyond, PetSmart, Dick’s Sporting Goods, and JCPenney all surround the Property, further driving consumers to the area. Lastly, The University of Maine, which offers more than 100 degree programs to its 11,000+ student body, is just 7.5 miles away.
JLL is pleased to exclusively offer the opportunity to acquire a single tenant property leased to Uno of Bangor, Inc. (the “Property”). Located in Bangor, ME, the third largest city in the state, this Uno Pizzeria & Grill has been operating on a corporate lease for more than 20 years and just recently signed a five-year extension. The Tenant now has more than 4.5 years of term remaining with an attractive, 6.25% rental increase approaching in its final five-year option period. The lease is corporately guaranteed by URC, LLC (Uno Restaurant Corporation).