Walgreens - Lewiston Maine

Retail-Commercial for Sale
Catylist Listing ID: 30482684
Property Subtypes: Free-Standing Building
Building Size (RSF): 10,692 SF
Gross Building Area: See Agent
Sale Price: $2,200,000
Unit Price: $205.76 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

Subject property is located at 311 Main St in Lewiston Maine. Current tenant is Walgreens with 3 years left on the current term and (1) 5 year option remaining. Walgreens rent is a rare base rent combined with 2.5% percentage rent.
The site has operated as a drug store since 1992 and is located right across the street from Central Maine Medical Center.
Landlord is responsible for the roof and structure.

Current Tenants

Tenant Business Name Walgreens
Current Rent $148,932 PSF (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: 194/000/477
Zoning: COMMERCIAL
Lot Frontage: 200

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,517 50,229 59,530
Median Age: 31.52 37.33 38.35
Households: 8,354 21,354 25,186
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