Auburn & Fort Kent, ME
Single-tenant Walgreens properties in Auburn and Fort Kent, Maine.
Lot size:
4.88 AcresProperty Features for Auburn &
General Information
- Lot size
- 4.88 Acres
Building Details
- Year built
- 1996
Source:
Cppcre
Listing Agent: Trevor Morse
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Two Maine Walgreens For Sale
Two single-tenant Walgreens properties are available, either individually or together, in Maine. Both properties feature passive lease structures requiring minimal landlord expense obligations. The stores have low rents for Walgreens, with scheduled rental increases during the primary term and option periods. The Auburn lease extends through May 31, 2032, and includes five 5-year options. The Fort Kent lease runs through October 31, 2027, and includes five 5-year options with a 10% increase at the start of the first option. Both properties are located at signalized intersections, offering strong visibility and monument signage, and each includes a pharmacy drive-thru. The Auburn property has operated as a pharmacy for over 25 years. Walgreens executed an early 10-year extension in 2019, extending the current term through May 31, 2032. A 5% rental increase is scheduled for June 1, 2027, with subsequent 5% increases every 5 years. The property is approximately 30 miles northeast of Portland, ME. The Fort Kent lease runs through October 31, 2027, with a 10% rental increase at the start of the next option period and every 10 years thereafter. The HVAC and roof were replaced in 2022, and the 20-year roof warranty is transferrable. Fort Kent serves as a port of entry into Canada, serving nearby Canadian towns.
Location Intelligence
Current Use by Public Records
Drug stores
Map
- City
- Fort Kent
- County
- Aroostook
- State
- Maine
- Longitude
- -68.478174
- Latitude
- 47.252041
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Single-tenant Walgreens properties in Auburn and Fort Kent, Maine.
Where is this drug store located?
The property is located at Auburn & Fort Kent, ME.
What are key features of this property?
This property features: - Two single-tenant Walgreens properties (Auburn & Fort Kent, ME) available together or individually.; - Passive lease structures with minimal Landlord expense obligations and scheduled rental increases.; - Auburn Walgreens lease extends to 5/31/2032 with 5% rental increases every 5 years starting 6/1/2027.