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Rite Aid 2 W Broadway 12,967 SF Retail Building Lincoln, ME 04457 $1,537,237 ($118.55/SF) 9.89% Cap Rate
Investment Highlights
- Located at a lighted intersection in the heart of Lincoln’s retail district
Executive Summary
12,967± SF freestanding retail building leased to Walgreens (NASDAQ: WBA)
Leased through October 31, 2027
Features a drive-thru, excellent signage
Located at a lighted intersection in the heart of Lincoln’s retail district
Net Operating Income: $122,979
Sale Price: $1,537,237 (8% Cap)
Leased through October 31, 2027
Features a drive-thru, excellent signage
Located at a lighted intersection in the heart of Lincoln’s retail district
Net Operating Income: $122,979
Sale Price: $1,537,237 (8% Cap)
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,967 SF
Building Class
C
Year Built
1997
Price
$1,537,237
Price Per SF
$118.55
Cap Rate
9.89%
NOI
$152,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.21 AC
Opportunity Zone
Yes
Zoning
Commercial Zone 2 - Commercial Zone 2
Parking
50 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
499’ on West Broadway & Main Stre
Nearby Major Retailers
Property Taxes
| Parcel Number | LNCN-000137-000000-000018 | Improvements Assessment | $1,491,800 |
| Land Assessment | $545,000 | Total Assessment | $2,036,800 |
Property Taxes
Parcel Number
LNCN-000137-000000-000018
Land Assessment
$545,000
Improvements Assessment
$1,491,800
Total Assessment
$2,036,800
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Rite Aid | 2 W Broadway
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