For Sale
$1,537,237

2 BroadwayLincoln, ME 04457

Walgreens Net Lease, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

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 Details for 2 Broadway

Property type
Retail properties, Retail space
Square Feet
12,967 SF
Class
B
Year Built
1998
Buildings
1
Stories
1
Lot Size (sq. ft)
139,392 SF

Location Insight

City
Lincoln
County
Penobscot
State
Maine
Latitude
45.3617651
Longitude
-68.5053664
2 Broadway, Lincoln, Maine

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2 Broadway
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message