CVS Pharmacy Drug
For Sale
Contact for pricing
48 Portland Rd, Kennebunk, ME 04043
Freestanding pharmacy with drive-thru service and a long-term corporate-backed lease.
Property SizeContact for details
Days on Market143
Property Features for 48 Portland Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Seth Richard · License #NY 10401275108
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 6:41PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This 13,225-square-foot CVS Pharmacy occupies 2.62 acres and includes a drive-thru. The property operates under a 25-year lease with 12.5 years remaining, followed by six five-year renewal options carrying 5% increases at the start of each option. CVS Caremark Corporation provides a corporate guaranty and is rated BBB+ by S&P.
The site fronts Route 1, also known as Portland Road, in Kennebunk and has two ingress points plus one egress. Access is provided through an easement with Camden National Bank. The parcel includes shared parking with Amato’s and Camden National Bank, while Amato’s occupies 3,000 square feet under a 99-year ground lease and contributes 18.49% of specified shared expenses.
Route 1 records average daily traffic of 13,600+, while I-95 is approximately two-and-a-half miles west and carries more than 53,700 vehicles daily. Portland is less than 30 miles north, and Boston is 85 miles south.
The site fronts Route 1, also known as Portland Road, in Kennebunk and has two ingress points plus one egress. Access is provided through an easement with Camden National Bank. The parcel includes shared parking with Amato’s and Camden National Bank, while Amato’s occupies 3,000 square feet under a 99-year ground lease and contributes 18.49% of specified shared expenses.
Route 1 records average daily traffic of 13,600+, while I-95 is approximately two-and-a-half miles west and carries more than 53,700 vehicles daily. Portland is less than 30 miles north, and Boston is 85 miles south.
Key Highlights
- 13,225‑square‑foot CVS Pharmacy on 2.62 acres
- 25‑year lease with 12.5 years remaining and six five‑year options
- 5% increases at the beginning of each renewal option
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
76k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 35%
Shops & Services 13%
Home Improvements & Furnishings 3%
Hannaford
Groceries
26,590 visits/mo
0.3 miles
McDonald's
Dining
11,759 visits/mo
0.1 miles
Dunkin' Donuts
Dining
10,841 visits/mo
0.0 miles
Aroma Joe's
Dining
8,484 visits/mo
0.4 miles
Circle K
Shops & Services
5,376 visits/mo
0.1 miles
Demographics for 04043, ME
11,536
Population
6,243
Households
1.8
Avg Household Size
52
Median Age
50%
College-Educated
97%
High-School Grad
35.1 sq mi
ZIP Area
329
Density / Sq Mi
$101,204
Median Household Income
$53,283
Median Earnings
$1,405
Median Rent
$460,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Sarandipity Soap Co — 68 Main St, Kennebunk, ME 04043
- Walgreens Pharmacy — 37 Portland Rd, Kennebunk, ME 04043
- CVS Pharmacy — 48 Portland Rd, Kennebunk, ME 04043
- Katherine Nappi — 37 Portland Rd, Kennebunk, ME 040436628
- medical arts pharmacy of alamogordo 88310 — 2, Livewell Dr, Kennebunk, ME 04043
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding pharmacy with drive-thru service and a long-term corporate-backed lease.
Where is this drug store located?
The property is located at 48 Portland Rd Kennebunk, ME.
What are key features of this property?
This property features: 13,225‑square‑foot CVS Pharmacy on 2.62 acres; 25‑year lease with 12.5 years remaining and six five‑year options; 5% increases at the beginning of each renewal option
