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Rite Aid 2 W Broadway

12,967 SF Retail Building Lincoln, ME 04457 $1,537,237 ($119/SF) 9.89% Cap Rate

Drug Stores Maine Lincoln 2 W Broadway, Lincoln, ME 04457

Investment Highlights

  • Located at a lighted intersection in the heart of Lincoln’s retail district

Executive Summary

12,967± SF freestanding retail building leased to Walgreens (NASDAQ: WBA)
Leased through October 31, 2027
Features a drive-thru, excellent signage
Located at a lighted intersection in the heart of Lincoln’s retail district
Net Operating Income: $122,979
Sale Price: $1,537,237 (8% Cap)

Attachments

eBR 2 West Broadway Lincoln

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,967 SF
Building Class
C
Year Built
1997
Price
$1,537,237
Price Per SF
$119
Cap Rate
9.89%
NOI
$152,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
3.21 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial Zone 2 - Commercial Zone 2
Parking
50 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
499 FT on West Broadway & Main Stre
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PROPERTY TAXES

Parcel Number LNCN-000137-000000-000018 Improvements Assessment $882,700
Land Assessment $292,800 Total Assessment $1,175,500

PROPERTY TAXES

Parcel Number
LNCN-000137-000000-000018
Land Assessment
$292,800
Improvements Assessment
$882,700
Total Assessment
$1,175,500
(207) 553-1709

  • Listing ID: 23642415

  • Date on Market: 7/9/2021

  • Last Updated:

  • Address: 2 W Broadway, Lincoln, ME 04457

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Rite Aid | 2 W Broadway
(207) 553-1709 x

Rite Aid | 2 W Broadway

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Christopher Paszyc

(207) 553-1709

(207) 553-1709

Nick Lucas

(207) 557-3513

(207) 557-3513

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