698 Minot Ave - Drug Store FOR SALE


Auburn, ME 04210
$2,640,000 USD
404-369-4352
698 Minot Ave, Auburn, ME for Sale
$2,640,000 USD
Drug Store - FOR SALE
1/5
null | 6.25% Cap Rate

698 Minot Ave
Auburn, ME 04210


HIGHLIGHTS

  • Hard Corner | Signalized Intersection
  • Lease Extended in 2019
  • 7+ Years Remaining on Base Term
  • 5% Rental Increases Every 5-Years (Next Increase: 2027)
  • Corporate Guarantee | NASDAQ: WBA
  • Drive-Thru Pharmacy: This Serves as a Convenience For Customers Picking Up Prescription Medication

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the 11,180 SF Walgreens Located at 698 Minot Avenue in Auburn, ME. This Deal Includes a Lease Extended in 2019 7+ Years Remaining on Base Term 5% Rental Increases Every 5 Years (Next Increase: 2027), Providing For a Secured Investment. In Cooperation With ParaSell, Inc. , A Licensed Maine Broker - Lic. #AC90603332 BoR: Scott Reid - Lic. ME #AC90603332

FOR SALE DETAILS

PRICE

$2,640,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - Auburn, ME

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

Comm

APN/PARCEL ID

AUBN-000208-000000-000143

ASK ABOUT THIS PROPERTY

Liam RowanSands Investment Group Atlanta, LLCMore Info
404-369-4352

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Liam RowanSands Investment Group Atlanta, LLCMore Info
404-369-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.