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Walgreens NNN Property
For Sale
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81 Hospital St, Augusta, ME 04330

Drug store property near government offices, medical practices, and residential development in Augusta.

Property SizeContact for details
Days on Market144

Property Features for 81 Hospital St

General Information

Standard status Active
Property subtype Retail
Listing Agency: Gendron Commercial
Listed By: John Gendron · License #ME 104572
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 7:51PM

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 Gendron Commercial

Investment Insights

Based on property information with market context.

This NNN property at 81 Hospital St in Augusta, Maine, has operated as a drug store for more than 22 years. The Walgreens store is scheduled to close by 2019, with the existing lease stated to expire in 2022 and an earlier termination option available to the landlord.

The site is positioned among government office buildings, medical offices, and residential development in Maine’s capital city. The property is offered for sale and is also available for lease with a minimum 10-year lease term. Potential uses identified in the property information include a dollar store, medical office space, and government office space.

Key Highlights

  • NNN property at 81 Hospital St, Augusta, ME 04330
  • Drug store operation spanning 22+ years
  • Existing lease expires in 2022, with landlord option for earlier termination

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Dollar Tree Shops & Services
6,701 visits/mo 0.1 miles

Demographics for 04330, ME

26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Drug store property near government offices, medical practices, and residential development in Augusta.
Where is this nnn property located?
The property is located at 81 Hospital St Augusta, ME.
What are key features of this property?
This property features: NNN property at 81 Hospital St, Augusta, ME 04330; Drug store operation spanning 22+ years; Existing lease expires in 2022, with landlord option for earlier termination
More about this property
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