128 Bucksport Rd, Ellsworth, ME 04605-2239

This 10,082 sq ft medical office building in Ellsworth, Maine, offers a compelling investment opportunity. Situated on 2.11 acres at 128 Bucksport Rd, the property boasts a 100% occupancy rate with a strong, creditworthy tenant, Covenant Physician Partners, Inc., a 100% owner of both the eye practice and ASC. The absolute NNN lease features a 6.4-year remaining term with three 5-year renewal options and 2% annual rent bumps. Built in 2008, the single-story building provides services including ophthalmology and ambulatory surgery, with a Certificate of Need (CON). The property benefits from a high-traffic location on US Route 1, near Northern Light Maine Coast Hospital, and serves a large patient base within a 120-mile radius. The strong lease terms, high occupancy, and strategic location combine to create a stable, high-yield investment with a 7.65% cap rate and a NOI of $334,536. The asking price is $4,375,000 ($433.94/sq ft). The property's location in Ellsworth, a rapidly growing area with a strong average household income, further enhances its investment potential. The tenant recently extended the lease, demonstrating long-term commitment to the location.