NNN-Leased Medical Office
For Sale
Contact for pricing
Pending
735 WILSON ST, Brewer, ME 04412
Fully leased medical office investment under a new 10-year NNN agreement with Penobscot Community Health Care.
Property Size32,700 SF
Days on Market52
Property Features for 735 WILSON ST
General Information
Standard status
Pending
Size
32,700 SF
Class
B
Total Parking Spaces
206
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Stabilized
Additional Details
Cap Rate
8%
Building Details
Year Built
1977
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Keller Williams Realty
(207) 756-2063
Listed By:
Edward Baldacci · License #BA930083
Source:
Crexi
Added: Jun 21
Changed: Aug 8
Last Checked: Jul 25 at 5:14AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
735 Wilson Street is a purpose-built medical office property acquired for long-term, net-leased ownership. The building is fully leased to Penobscot Community Health Care (PCHC) under a new 10-year Triple Net (NNN) lease. The offering is presented with approximately $542,800 in annual Net Operating Income, reflecting durable in-place occupancy by an established healthcare provider.
Located on Wilson Street in Brewer, the property is positioned along the community’s primary commercial corridor with access intended for day-to-day outpatient operations. The remarks describe the facility as mission-critical to PCHC’s services for the surrounding community, supporting long-term occupancy.
For investors or buyers seeking management-light income, the NNN lease structure shifts property taxes, insurance, and the majority of operating expenses to the tenant. With a new long-term lease commitment in place, this asset may fit 1031 exchange buyers, private investors, family offices, and institutions looking for stable cash flow backed by an in-place healthcare operator. The purchase is offered for sale at a stated 8.00% capitalization rate.
Located on Wilson Street in Brewer, the property is positioned along the community’s primary commercial corridor with access intended for day-to-day outpatient operations. The remarks describe the facility as mission-critical to PCHC’s services for the surrounding community, supporting long-term occupancy.
For investors or buyers seeking management-light income, the NNN lease structure shifts property taxes, insurance, and the majority of operating expenses to the tenant. With a new long-term lease commitment in place, this asset may fit 1031 exchange buyers, private investors, family offices, and institutions looking for stable cash flow backed by an in-place healthcare operator. The purchase is offered for sale at a stated 8.00% capitalization rate.
Key Highlights
- Built in 1977 medical office building fully leased to Penobscot Community Health Care (PCHC).
- New 10‑year Triple Net (NNN) lease in place with PCHC.
- Approximately $542,800 in annual Net Operating Income (NOI).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$379,153
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,583,060
$7.6M
Cap Rate 7%
$5,416,471
$5.4M
Cap Rate 9%
$4,212,811
$4.2M
Market Conditions
NOI Build-Up for 32,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$718.1K $21.96/SF
− Vacancy
−$86.2K −$2.64/SF
EGI
$631.9K $19.32/SF
− OpEx
−$252.8K −$7.73/SF
NOI
$379.2K $11.59/SF
Area
Penobscot County, ME
Vacancy
12.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,583,060
Cap Rate 7%
$5,416,471
Cap Rate 9%
$4,212,811
Alternative Uses
Best Use
Healthcare Medical
$5.42M
$4.74M – $6.32M
NOI $379,153 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.56M
$9.24M – $12.32M
NOI $739,282 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Fully leased medical office investment under a new 10-year NNN agreement with Penobscot Community Health Care.
Where is this medical center located?
The property is located at 735 WILSON ST Brewer, ME.
What is the asking price?
The asking price for this property is $6,789,000.
What are key features of this property?
This property features: Built in 1977 medical office building fully leased to Penobscot Community Health Care (PCHC).; New 10‑year Triple Net (NNN) lease in place with PCHC.; Approximately $542,800 in annual Net Operating Income (NOI).
