2 BroadwayLincoln, ME 04457
- Retail properties
- 12,967 SF
Property Details for 2 Broadway
- Year built
- 1998
- Lot size
- 3.20 AC
- Property size (Sq ft)
- 12,967 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
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.
Location Insight
- City
- Lincoln
- County
- Penobscot
- State
- Maine
- Latitude
- 45.3618
- Longitude
- -68.5054
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