698 Minot Ave | Auburn, ME 04210
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698 Minot Ave
Auburn, ME 04210
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The offering is a single-tenant Walgreens store located in Auburn, which is ~30 miles northeast of Portland, ME
- Walgreens executed an early 10-year extension back in 2019, which takes the current term through 05/31/2032
- Minimal landlord expense obligations; the roof was resurfaced in 2025
- Walgreens is currently paying a low base rent of $165,000, and an investor benefits from a contractual rent bump effective 06/01/2027
- There are five, 5-year extension options with 5% rental increases at the start of each option
- This is the only Walgreens store in the city of Auburn, and there is zero national pharmacy competition in the immediate area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
11,180 SF
Building Class
B
Year Built/Renovated
1996/2018
Tenancy
Single
Building Height
1 Story
Slab To Slab
13’
Building FAR
0.17
Lot Size
1.52 AC
Parking
30 Spaces (2.62 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | AUBN-000208-000000-000143 | Improvements Assessment | $939,600 |
| Land Assessment | $251,300 | Total Assessment | $1,190,900 |
PROPERTY TAXES
Parcel Number
AUBN-000208-000000-000143
Land Assessment
$251,300
Improvements Assessment
$939,600
Total Assessment
$1,190,900
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