CVS NNN Retail
For Sale
Contact for pricing
2 Stone St, Augusta, ME 04330
Freestanding drug store leased to CVS with landlord responsibility for the roof and building structure.
Property SizeContact for details
Days on Market143
Property Features for 2 Stone St
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Asking Price
$2,800,000
Building Details
Tenancy
Single
Listing Agency:
Net Leased Investment Company
Listed By:
Bob Fraser · License #FL BK3023711
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 7:36PM
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 Net Leased Investment Company
Investment Insights
Based on property information with market context.
This NNN retail property is occupied by a CVS drug store under a lease guaranteed by CVS Corp. The lease is structured as NN, with the landlord retaining responsibility for the roof and structural components. Parking lot plowing is also handled by the landlord and reimbursed by the tenant, together with a management fee.
The property is located at 2 Stone St in Augusta, Maine, within 1/2 mile of State Government agencies. The roof warranty runs through 2038, and a recent property condition report identified no issues with the building. The lease term is 10 years, with a 30-year amortization structure at 3.27%.
The property is located at 2 Stone St in Augusta, Maine, within 1/2 mile of State Government agencies. The roof warranty runs through 2038, and a recent property condition report identified no issues with the building. The lease term is 10 years, with a 30-year amortization structure at 3.27%.
Key Highlights
- CVS Corp guarantees the drug store lease
- NN lease structure with landlord responsibility for roof and structure
- Roof warranty extends through 2038
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 67%
Dining 27%
Home Improvements & Furnishings 6%
Hannaford
Groceries
38,047 visits/mo
0.2 miles
Aroma Joe's
Dining
11,216 visits/mo
0.1 miles
SUBWAY
Dining
3,796 visits/mo
0.5 miles
Aubuchon Hardware
Home Improvements & Furnishings
3,350 visits/mo
0.2 miles
Dunkin' Donuts
Dining
424 visits/mo
0.3 miles
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding drug store leased to CVS with landlord responsibility for the roof and building structure.
Where is this nnn property located?
The property is located at 2 Stone St Augusta, ME.
What are key features of this property?
This property features: CVS Corp guarantees the drug store lease; NN lease structure with landlord responsibility for roof and structure; Roof warranty extends through 2038
