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Walgreens Portfolio 2 Retail Properties Offered at $4,839,000 in Multiple Locations
EXECUTIVE SUMMARY
The offering consists of two single-tenant Walgreens (available together or individually) located in the state of Maine. The lease structures are passive and require minimal Landlord expense obligations. Furthermore, both stores are paying low rents for Walgreens and have scheduled rental increases in the primary term and option periods. The Auburn lease runs through 5/31/2032, and features five, 5-year options; the Fort Kent lease runs through on 10/31/2027, and features five, 5-year options with a 10% bump at the start of option one.
Both properties are located at signalized intersections with strong visibility and monument signage. Each feature pharmacy drive-thrus.
Both properties are located at signalized intersections with strong visibility and monument signage. Each feature pharmacy drive-thrus.
PROPERTY FACTS
| Price | $4,839,000 | Number of Properties | 2 |
| Price / SF | $216.41 / SF | Individually For Sale | 2 |
| Cap Rate | 7.35% | Total Building Size | 22,360 SF |
| Sale Type | Investment | Total Land Area | 4.88 AC |
| Status | Active |
| Price | $4,839,000 |
| Price / SF | $216.41 / SF |
| Cap Rate | 7.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 22,360 SF |
| Total Land Area | 4.88 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 698 Minot Ave, Auburn, ME 04210 | Retail | 11,180 SF | 1996 | $2,245,000 |
|
Walgreens
84 E Main St, Fort Kent, ME 04743 |
Retail | 11,180 SF | 1998 | $2,595,000 |
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Walgreens Portfolio
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