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698 Minot Ave Auburn, ME 4210

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Single-tenant Walgreens with long operational history and low in-place rent.

Type:Retail
Added:
Mar 6, 2026
Days on Market:
26
Last Refresh:
Mar 25 at 9:04 pm

Property Features for 698 Minot Ave

General Information

Standard status
Active
Property subtype
Retail

Building Details

Year Built
1996

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Listing Contact
Trevor Morse
Trevor Morse

Listing agent Trevor Morse License #CalDRE #01996197

Listing office CP Partners

Listing date Mar 6, 2026

Source Cppcre

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 CP Partners


Overview

Walgreens Store in Auburn, ME

The subject property is a single-tenant Walgreens store located in Auburn, Maine, approximately 30 miles northeast of Portland. The property has operated as a pharmacy store for over 25 years, demonstrating strong local market demand and a solid customer base. This Walgreens is the only one in Auburn, with no national pharmacy competition in the immediate area. The property is drive-through enabled and located on a signalized intersection with multiple points of ingress and egress. Walgreens is currently paying a base rent of $165,000, with a contractual rent increase effective June 1, 2027. Walgreens executed an early 10-year extension in 2019, extending the current term through May 31, 2032. There are five, 5-year extension options with 5% rental increases at the start of each option. Landlord expense obligations are minimal; the roof was resurfaced in 2025. This Walgreens offers a passive income stream.
Location Intelligence

Current Use by Public Records

Walgreens Photo (Bike/Boat/Book/etc) Store COVID-19 Drive-Thru Testing ... Pharmacy higi Physician Walgreens Pharmacy Pharmacy Western Union Bank

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

  • COVID-19 Drive-Thru Testing at Walgreens 698 Minot Ave, Auburn, ME 04210
  • Walgreens Pharmacy 698 Minot Ave, Auburn, ME 04210
  • David Kuwik-Amato 698 Minot Ave, Auburn, ME 042103922
  • Amr Elebiary 698 Minot Ave, Auburn, ME 042103922
  • Ali Salehmohamed 698 Minot Ave, Auburn, ME 042103922

Location Insight

  • Map
  • Local Demand
City
Auburn
County
Androscoggin
State
Maine
Longitude
-70.2556
Latitude
44.0815

FAQs

What type of property is this?
Drug store - Single-tenant Walgreens with long operational history and low in-place rent.
Where is this drug store located?
The property is located at 698 Minot Ave Auburn, ME.
What are key features of this property?
This property features: Zero national pharmacy competition in the immediate trade area.; Longstanding operational history of 25+ years demonstrating strong local market demand.; Passive income stream with minimal landlord expense obligations; roof resurfaced in 2025.
More about this property
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