108 Knowlton Corner Rd - Health Care FOR SALE


Farmington, ME 04938
$5,920,000 USD
508-272-0585
108 Knowlton Corner Rd, Farmington, ME for Sale
$5,920,000 USD
Health Care - FOR SALE
1/3
null | 6% Cap Rate

108 Knowlton Corner Rd
Farmington, ME 04938


HIGHLIGHTS

  • BRAND-NEW 2025 BUILT-TO-SUIT CONSTRUCTION
  • LONG-TERM ABSOLUTE NNN LEASE
  • HEALTHCARE TENANCY & RECESSION-RESISTANT CATEGORY
  • HIGH VOLUME LOCATION
  • HIGH-TRAFFIC REGIONAL RETAIL CORRIDOR
  • STRONG CORPORATE GUARANTY

OVERVIEW

This offering presents the opportunity to acquire a brand-new, 2025 build-to-suit ConvenientMD urgent care clinic located in Farmington, Maine, a stable medical hub serving Franklin County and the regional University of Maine system. The property features a new 15-year absolute NNN lease with six (6) five-year renewal options, ensuring long-term predictable cash flow with no landlord responsibilities. Rent escalations of 10% every five years provide excellent income growth. The site includes newly established cross-access to Wilton Road, ensuring excellent vehicular ingress/egress and permanent access continuity for the tenant. ConvenientMD is a rapidly growing regional healthcare operator offering urgent care, clinical services, and onsite pharmacy dispensing. In addition to its expanding urgent care footprint, CMD has been experiencing notable growth in its Primary Care platform, which operates under the same corporate entity and provides meaningful support to the company’s overall financial strength and balance sheet. As a mission-critical and new high-volume facility for the brand, the Farmington clinic benefits from high visibility on the area’s dominant commercial corridor, surrounded by national retailers and essential services. This asset is exceptionally well-positioned for passive investors seeking stable yield, strong credit tenancy, and long-term security.

FOR SALE DETAILS

PRICE

$5,920,000 USD

PRICE/SF

$4,691 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ConvenientMD - Farmington, ME

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,564 SF

ZONING

-

APN/PARCEL ID

FARN-000000-U000037-000013

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.