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698 Minot Ave
Auburn, ME 04210

$2,500,000 USD

Drugstore For Sale  •  11,180 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 11,180 SF
  • Lot Size 1.52 AC
  • Building Class B
  • Year Built 1996
  • Cap Rate 6.60 %
  • Tenancy Single
0 Transit Score
48 Walk Score

Highlights

The offering is a single-tenant Walgreens store located in Auburn, which is ~30 miles northeast of Portland, ME
Walgreens is currently paying a low base rent of $165,000, and an investor benefits from a contractual rent bump effective 06/01/2027
Walgreens executed an early 10-year extension back in 2019, which takes the current term through 05/31/2032
There are five, 5-year extension options with 5% rental increases at the start of each option
Minimal landlord expense obligations; the roof was resurfaced in 2025
This is the only Walgreens store in the city of Auburn, and there is zero national pharmacy competition in the immediate area

Property Flyers

Cap Rate: 6.60 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens

Amenities

  • Pylon Sign
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Portland International Jetport 46 min - 34.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Trevor Morse 415-274-2714 CP Partners CRE
Trevor Morse 415-274-2714 CP Partners CRE