Encore REIS is pleased to present the Papa Johns property along Elm Street in Biddeford, ME. Papa John's has operated at this site for over 25 years. The property is subject to an absolute net lease with zero landlord responsibilities. There are four years remaining in the term with one, 5-year option available. The lease supports increases in the option. The lease is guaranteed by a 15-unit operator. The property is situated at the signalized intersection of Elm Street and South Street which has combined traffic counts of 23,750 vehicles per day. The asset has excellent visibility with frontage along Elm Street. Papa Johns is the fourth-largest pizza delivery restaurant chain in the United States with headquarters in Louisville, Kentucky and Atlanta, Georgia. The company has a global presence that has reached over 5,500 locations in 49 countries and territories.