Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2 Broadway Lincoln, ME 04457

    Sponsored
    For Sale
    $1,537,237

    Walgreens Net Lease, High Cap Rate

    Property size:
    12,967 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity: a 12,967 square foot freestanding retail building in Lincoln, Maine, currently 100% occupied by Walgreens under a net lease expiring October 30, 2027. This Class B property boasts a strong net operating income (NOI) of $122,979, yielding an attractive 8.00% capitalization rate at an asking price of $1,537,237. The single-story building, constructed in 1998, sits on a 3.2-acre lot within Commercial Zone 2 and includes 50 parking spaces. Its prime location at a lighted intersection in Lincoln's retail district ensures high visibility and accessibility. Key features include a convenient drive-thru and excellent signage opportunities. The property's Assessed Property Number (APN) is 137/018. This is a single-tenant investment with a proven track record, offering a stable and predictable income stream for the foreseeable future. The property is located at 2 W Broadway, Lincoln, ME 04457. This is a rare opportunity to acquire a well-located, high-performing retail asset with a national tenant. The property's size and location make it an ideal investment for those seeking strong returns and long-term stability.

    Property Features for 2 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,967 SF
    Class
    B
    Lot Size
    139,392 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1

    HighLights

    • 12,967 SF Walgreens‑leased retail building; lease expires 10/31/2027.
    • Drive‑thru and prominent signage at a lighted intersection in Lincoln's central retail area.
    • Strong NOI of $122,979.
    • Offered at $1,537,237, representing an 8% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy Walgreens Drug Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Penobscot
    State
    Maine
    Longitude
    -68.5053664
    Latitude
    45.3617651

    Nearby Comparable

    • $1,537,237
      12,967 SF

      Freestanding Retail Building Leased to Walgreens

      12,967± SF retail building in Lincoln, ME, leased to Walgreens.
      2 W Broadway, Lincoln, ME 04457
      View Details
    • $199,000
      1,400 SF

      Lincoln, ME Investment Property

      Two-unit, fully rented investment property in Lincoln, Maine.
      68 West Broadway, Lincoln, ME 04457
      View Details
    • $175,000
      1,200 SF

      Lincoln Main Street Pizza Parlor

      Profitable Pizza Business, Turnkey Operation
      112 Main St, Lincoln, ME 04457
      View Details
    • $349,000
      6,040 SF

      Lincoln Retail Space - High Visibility

      Prime commercial space, high traffic, ample parking.
      157 Broadway, Lincoln, ME 04457
      View Details
    • $90,000
      9.40 Acres

      Waterfront Land Near Downtown Lincoln

      9.4-acre waterfront property ideal for recreation near downtown Lincoln, Maine.
      Easy St, Lincoln, ME 04457
      View Details
    • New
      $399,900
      15.00 Acres

      Versatile Commercial Property Near I-95

      15 acres with a 5,400 SF commercial building.
      45 Gray Rd, Chester, ME 04457
      View Details
    • $69,000
      7.66 Acres

      Residential Land with Recreational Potential

      7.66 acre lot ready for camp or camper near Lincoln.
      31 Overlook Dr, Lincoln, ME 04457
      View Details

    Nearby Similar for Sale

    • $199,000
      1,400 SF

      Lincoln, ME Investment Property

      Two-unit, fully rented investment property in Lincoln, Maine.
      68 West Broadway, Lincoln, ME 04457
      View Details
    • $1,537,237
      12,967 SF

      Freestanding Retail Building Leased to Walgreens

      12,967± SF retail building in Lincoln, ME, leased to Walgreens.
      2 W Broadway, Lincoln, ME 04457
      View Details
    • $175,000
      1,200 SF

      Lincoln Main Street Pizza Parlor

      Profitable Pizza Business, Turnkey Operation
      112 Main St, Lincoln, ME 04457
      View Details
    • $349,000
      6,040 SF

      Lincoln Retail Space - High Visibility

      Prime commercial space, high traffic, ample parking.
      157 Broadway, Lincoln, ME 04457
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Walgreens Net Lease, High Cap Rate
    Where is this individual retail property located?
    The property is located at 2 Broadway Lincoln, ME.
    What is the asking price?
    The asking price for this property is $1,537,237.
    What are key features of this property?
    This property features: 12,967 SF Walgreens-leased retail building; lease expires 10/31/2027.; Drive-thru and prominent signage at a lighted intersection in Lincoln's central retail area.; Strong NOI of $122,979.
    Request Owner's contact information
    2 Broadway Lincoln, ME 04457
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Broadway
    Lincoln, ME 04457
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Broadway Lincoln, ME 04457
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.