430 Sabattus St - Retail FOR SALE


Lewiston, ME 04240
$3,300,000 USD
603-785-8601
430 Sabattus St, Lewiston, ME for Sale
$3,300,000 USD
Retail - FOR SALE
1/3
null | 7.26% Cap Rate

430 Sabattus St
Lewiston, ME 04240


HIGHLIGHTS

  • Walgreens renewed in 2023 extending for a 12 year term and added 3, 5 year options with 5% rent increases, indicating strong store performance
  • Minimal Landlord obligations - Roof was replaced in 2025
  • Strong in-place rent
  • Close proximity to St Mary's Regional Health System
  • Close proximity to Bates College
  • Highly visible corner lot at a lit intersection at Sabattus Street and East Ave.

OVERVIEW

Walgreens - 430 Sabattus Street - Lewiston, ME Net-Leased Retail Investment Adjacent to Bates College 430 Sabattus Street is a well-located Walgreens in Lewiston, Maine, positioned along one of the city’s key commercial corridors with traffic counts of approximately 16,000 cars per day. The property benefits from strong daily visibility and convenient access for neighborhood residents, commuters, and the nearby campus community. A major driver of consistent customer traffic is Bates College, located just a short distance from the store. Bates is a nationally recognized private liberal arts college with over 1,800 undergraduate students, faculty, and staff on campus. The college’s stable enrollment and year-round activity provide a built-in base of repeat customers for pharmacy, health, and convenience needs. St. Mary’s Regional Hospital, a full-service regional hospital servicing thousands of patients annually from the Greater Lewiston-Auburn area is also proximate to this location and serves as stable source of customers. This combination of high daily traffic, proximity to a respected higher-education institution, and established national tenancy makes 430 Sabattus Street a compelling net-leased retail investment in the Lewiston-Auburn market.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Investment Sale

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

CB

APN/PARCEL ID

LEWI-000173-000000-000089

ASK ABOUT THIS PROPERTY

Mike HarringtonHarrington & CompanyMore Info
603-785-8601

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Mike HarringtonHarrington & CompanyMore Info
603-785-8601

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