210 Main St

Walgreens | 10% Capitalization Rate

Corporate-backed Walgreens located at 210 Main Street in Waterville, Maine, with over four years remaining on a triple net lease and six 5-year renewal options. The current annual rent is $718,391 with scheduled increases over the option periods. The 14,673 SF building, constructed in 2009, sits on a 2.23-acre parcel and offers stable cash flow backed by a nationally recognized tenant. Waterville is a hub in Central Maine, bolstered by recent investments, revitalization efforts, and growing healthcare and education sectors. The city is also home to two well-known institutions of higher learning: Colby College and Thomas College, which contribute to a strong local workforce, steady population base, and consistent demand for goods and services. The property’s strategic location and solid lease fundamentals make it a compelling net lease investment opportunity.