2007 N Belfast Ave
Augusta, ME 04330
Walgreens For Sale | 12 Yrs | Absolute Net · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Augusta, Maine. The lease has approximately 12 years remaining before the 2 (5-year) options to follow and operates on an absolute net lease basis with no landlord responsibilities. Twelve year lease to be executed at closing. This location was acquired by Walgreens as part of their acquisition of over 1,900 Rite Aid properties in 2018. The store has a successful operating history of 20+ years at this site. The pharmacy is now operating as a Walgreens. Income guaranteed by Walgreens parent corporate (S&P BBB) investment grade Fortune 500 Company with over 9,500 locations. Walgreens is located just 1.4 miles to the northeast of downtown Augusta across the Kennebec River. Augusta is the state capital and the county seat of Kennebec County and part of the Augusta-Waterville Micropolitan Statistical Area with a population of 122,151 residents. Walgreens is located on the signalized corner of North Belfast Ave (7,530 VPD) and Bangor St (17,500 VPD) with combined daily traffic counts of over 25,000 vehicles per day. Augusta is the state capital and the county seat of Kennebec County, Maine. It is also the principal city in the Augusta-Waterville Micropolitan Statistical Area with a population of 122,151 residents. The city is rich in history with sites such as Old Fort Western, America’s oldest surviving wooden fort (1754). Downtown Augusta has undergone a revitalization over the past 15 years with an emphasis on artwork, outdoor concert/activity venues and new restaurants.