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62 W Gray Rd
Gray, ME 04039
Walgreens | Conversion from Rite Aid · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • The corporate Walgreens lease term was recently extended and now has 13+ years remaining plus five, 5-year renewal options.
  • The Walgreens’ lease is triple net and requires zero management responsibilities.
  • The lease calls for staggered rent increases at the start of the options periods.
  • An average of over 28,800 vehicles per day travel through the nearby intersection of Main Street at Route 26A.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,673 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.12
Lot Size
2.83 AC
Zoning
BUSINE
Parking
50 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
339’ on Gray Rd

AMENITIES

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GRAY-000043-000024-000008
Land Assessment
$344,100
Improvements Assessment
$2,031,500
Total Assessment
$2,375,600
  • Listing ID: 17277624

  • Date on Market: 9/24/2019

  • Last Updated:

  • Address: 62 W Gray Rd, Gray, ME 04039

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