Freestanding Retail Building
For Sale
Contact for pricing
2 W Broadway, Lincoln, ME 04457
12,967 SF retail building leased to Walgreens.
Property Size12,967 SF
Price / SF$118.55
Days on Market1849
Property Features for 2 W Broadway
General Information
Standard status
Active
Size
12,967 SF
Property subtype
Retail
Building Details
Year Built
1998
Listing Agency:
The Boulos Company Portland
Listed By:
Chris Paszyc · License #ME BR913433
Source:
Crexi
Added: Jul 9, 2021
Changed: Jul 6
Last Checked: Jul 30 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company Portland
Investment Insights
Based on property information with market context.
This is a 12,967 square foot freestanding retail building. The property is currently leased to Walgreens. It is located at the intersection of West Broadway and Main Street.
Key Highlights
- Freestanding retail building
- Leased to Walgreens
- Located at the intersection of West Broadway and Main Street
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.7k | $14.40 |
| − Vacancy | −$31.7k | −$2.45 |
| EGI | $155.0k | $11.95 |
| − OpEx | −$46.5k | −$3.59 |
| NOI | $108.5k | $8.37 |
12,967 SF · lease $14.40/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.52M
$2.21M – $2.94M
NOI $176,646 @ 7.0% cap · market cap 11.49%
Second Best
Retail
$1.55M
$1.36M – $1.81M
NOI $108,487 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$4.19M
$3.66M – $4.89M
NOI $293,158 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 39%
Shops & Services 22%
Hannaford
Groceries
16,376 visits/mo
0.5 miles
McDonald's
Dining
12,615 visits/mo
0.5 miles
SUBWAY
Dining
3,636 visits/mo
0.5 miles
Bangor Savings Bank
Shops & Services
3,164 visits/mo
0.4 miles
TD Bank
Shops & Services
1,792 visits/mo
0.5 miles
Demographics for 04457, ME
5,689
Population
3,587
Households
1.6
Avg Household Size
48
Median Age
21%
College-Educated
94%
High-School Grad
258.8 sq mi
ZIP Area
22
Density / Sq Mi
$51,403
Median Household Income
$32,646
Median Earnings
$647
Median Rent
$126,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walgreens Pharmacy — 2 W Broadway, Lincoln, ME 04457
- COVID-19 Drive-Thru Testing at Walgreens — 2 W Broadway, Lincoln, ME 04457
- Walgreens — 2 W Broadway, Lincoln, ME 04457
- Derek Joseph — 2 W Broadway, Lincoln, ME 044571247
Frequently Asked Questions
What type of property is this?
Drug store - 12,967 SF retail building leased to Walgreens.
Where is this drug store located?
The property is located at 2 W Broadway Lincoln, ME.
What is the asking price?
The asking price for this property is $1,537,237.
What are key features of this property?
This property features: Freestanding retail building; Leased to Walgreens; Located at the intersection of West Broadway and Main Street
