Walgreens Property in Farmington,
For Sale
Contact for pricing
317 Main St, Farmington, ME 04938
Absolute NNN lease with renewal options and rent increases.
Property Size14,775 SF
Price / SF$263.29
Days on Market167
Property Features for 317 Main St
General Information
Standard status
Active
Size
14,775 SF
Property subtype
Retail
Zoning
SEASON
Building Details
Year Built
2008
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 2:55PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
The Walgreens property, situated at 317 Main Street, Farmington, ME 04938, is available for sale. The asset operates under an absolute net lease, transferring all landlord responsibilities to the tenant. The lease includes six 5-year renewal options, with rent increases of 10% scheduled during the first and third option periods. The property benefits from limited drugstore competition, with no other Walgreens within a 13-mile radius and no CVS locations within 26 miles, establishing it as the primary pharmacy provider in the area. It is the only national drugstore near MaineHealth Franklin Memorial Hospital, the region’s only full-service medical facility. The site is positioned along Route 27, a corridor connecting to the Canada–U.S. border at Coburn Gore, approximately 80 miles to the north. The University of Maine at Farmington, with an enrollment of 1,837 students and 149 faculty and staff, is located nearby. The property size is 14,775 square feet.
Key Highlights
- Absolute net lease with no landlord responsibilities.
- Limited drugstore competition: No other Walgreens within 13 miles and no CVS locations within 26 miles.
- Six (5‑year) renewal options with rent increases in option periods.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04938, ME
9,592
Population
4,936
Households
1.9
Avg Household Size
40
Median Age
33%
College-Educated
94%
High-School Grad
122.5 sq mi
ZIP Area
78
Density / Sq Mi
$54,281
Median Household Income
$27,500
Median Earnings
$910
Median Rent
$169,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Walgreens Pharmacy — 317 Main St, Farmington, ME 04938
- COVID-19 Drive-Thru Testing at Walgreens — 317 Main St, Farmington, ME 04938
- Mychal Ward-Pistone — 317 Main St, Farmington, ME 049385803
- Marcia Rowland — 317 Main St, Farmington, ME 049385803
- Robert Witt — 317 Main St, Farmington, ME 049385803
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease with renewal options and rent increases.
Where is this drug store located?
The property is located at 317 Main St Farmington, ME.
What is the asking price?
The asking price for this property is $3,890,083.
What are key features of this property?
This property features: Absolute net lease with no landlord responsibilities.; Limited drugstore competition: **No other Walgreens within 13 miles and no CVS locations within 26 miles.**; Six (5‑year) renewal options with rent increases in option periods.
