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84 E Main St
Fort Kent, ME 04743

$2,595,000 USD

Drugstore For Sale  •  11,180 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 11,180 SF
  • Lot Size 3.36 AC
  • Building Class C
  • Year Built 1998
  • Cap Rate 7.35 %
  • Tenancy Single
0 Transit Score
38 Walk Score

Highlights

The offering is a single-tenant Walgreens store located in Fort Kent, ME, which is a historic U.S. – Canada border town
Walgreens is currently paying a low base rent of $190,697, and an investor benefits from a 10% rent bump at the start of the next option
This location reports strong store sales, which equates to a very healthy rent-to-sales ratio
Minimal landlord expense obligations; the roof and HVAC’s were replaced in 2022
This is the only national pharmacy that serves this market
Fort Kent is a port of entry into Canada, and serves nearby Canadian towns

Property Flyers

Cap Rate: 7.35 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru
Trevor Morse 415-274-2714 CP Partners CRE
Trevor Morse 415-274-2714 CP Partners CRE