We are offering for sale the Walgreens property located at 317 Main Street, Farmington, ME 04938 (the “Property”). The asset is subject to an absolute net lease with no landlord responsibilities and includes six (5-year) renewal options with 10% rent increases scheduled in the first and third option periods.
The Property operates with limited drugstore competition, as there are no other Walgreens within 13 miles and no CVS locations within 26 miles, positioning it as the primary pharmacy provider for the surrounding area. It is also the only national drugstore near Franklin Memorial Hospital, the region’s sole full-service medical facility.
The site is located along Route 27, a corridor that connects to the Canada–U.S. border at Coburn Gore, approximately 80 miles north. It is also near the University of Maine at Farmington, which enrolls 1,837 students and employs 149 faculty and staff.
Listed in conjunction with Brian Brockman, Bang Realty - New England Inc, 513-898-1551, wg@bangrealty.com, ME DRE Lic. DB921170.