698 Minot Ave - Drug Store FOR SALE
Auburn, ME 04210 |
698 Minot Ave
Auburn, ME 04210
HIGHLIGHTS
- The offering is a single-tenant Walgreens store located in Auburn, which is ~30 miles northeast of Portland, ME
- Walgreens is currently paying a low base rent of $165,000, and an investor benefits from a contractual rent bump effective 06/01/2027
- Walgreens executed an early 10-year extension back in 2019, which takes the current term through 05/31/2032
- There are five, 5-year extension options with 5% rental increases at the start of each option
- Minimal landlord expense obligations; the roof was resurfaced in 2025
- This is the only Walgreens store in the city of Auburn, and there is zero national pharmacy competition in the immediate area
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
11180
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
-
