84 E Main St - Drug Store FOR SALE
Fort Kent, ME 04743 |
$2,595,000 USD
415-274-2714
84 E Main St
Fort Kent, ME 04743
HIGHLIGHTS
- The offering is a single-tenant Walgreens store located in Fort Kent, ME, which is a historic U.S. – Canada border town
- Walgreens is currently paying a low base rent of $190,697, and an investor benefits from a 10% rent bump at the start of the next option
- This location reports strong store sales, which equates to a very healthy rent-to-sales ratio
- Minimal landlord expense obligations; the roof and HVAC’s were replaced in 2022
- This is the only national pharmacy that serves this market
- Fort Kent is a port of entry into Canada, and serves nearby Canadian towns
FOR SALE DETAILS
PRICE
$2,595,000 USD
PRICE/SF
$232 USD /SF
CAP RATE
7.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.36 AC
LAND SF
146,362 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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415-274-2714
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415-274-2714
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
