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 Market120
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
Listed By:
Edward Baldacci · License #BA930083
(207) 939-2969
Source:
Crexi
Added: Jun 21
Changed: Oct 12
Last Checked: Oct 16 at 8:18AM
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
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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 / Yr
$379,153
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
299
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
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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).
