84 E Main St Fort Kent, ME 04743

Listing Agency: CP Partners t***@cppcre.com Show Phone

Listed By: Trevor Morse · License #01996197 Show Phone

Source: Moodyscre

Added: Feb 24 Changed: Jul 21 Last Checked: Jul 21 at 1:01PM

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Investment Insights

Based on property information with market context.

This offering is a single-tenant Walgreens store in Fort Kent, Maine. The property has operated as a pharmacy store for 25+ years, reflecting long-term continuity in the local market. Per the seller’s remarks, the roof and HVAC were replaced in 2022, which helps minimize landlord expense obligations.

Fort Kent is described as a historic U.S.–Canada border town and a port of entry into Canada, serving nearby Canadian towns. The property is positioned as the only national pharmacy serving this market.

Walgreens is currently paying a base rent of $190,697, with an investor benefiting from a 10% rent bump at the start of the next option. The location reports $7MM+ in store sales, supporting a strong rent-to-sales relationship based on the seller’s provided figures.

Key Highlights

• Single‑tenant Walgreens store on E Main St in Fort Kent, ME
• Walgreens paying $190,697 base rent, with a 10% rent bump at the start of the next option
• Reported $7MM+ in store sales, supporting a healthy rent‑to‑sales ratio

Property Analytics

Location Intelligence

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Similar Off Market Nearby

• St. John Valley Pharmacy — 182 Market St Suite 2, Fort Kent, ME 04743
• Walgreens Pharmacy — 84 E Main St, Fort Kent, ME 04743
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FAQs

What type of property is this?

Drug store - Single-tenant Walgreens on E Main St with roof and HVAC replacements in 2022.

Where is this drug store located?

The property is located at 84 E Main St Fort Kent, ME.

What is the asking price?

The asking price for this property is $2,595,000.

What are key features of this property?

This property features: Single‑tenant Walgreens store on E Main St in Fort Kent, ME; Walgreens paying $190,697 base rent, with a 10% rent bump at the start of the next option; Reported $7MM+ in store sales, supporting a healthy rent‑to‑sales ratio