Dense Govt Employment Area 9 Yr NNN 8.60 CAP 403 Water St

We are pleased to market for sale the Walgreens property located at 403 Water Street in Augusta, Maine ("The Property"). Walgreens has been successfully operating at this location for 16 years and has 9 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever.
The Property is located just two blocks from Maine’s State Capitol Buildings which are made up of two campuses totaling approximately 1.59 million square feet. These Capitol Buildings include the offices for the Secretary of State, Governor's Office, State Controller, Transportation Department, Health & Human Services, Department of Agriculture, Department of Corrections, State Archives, Bureau of Motor Vehicles and the Maine State Credit Union. The Property lies between these buildings and the Waterfront and Riverfront Parks where foot traffic leads to dining and shopping.
Approximately 4 miles north is Maine General Health’s Augusta Hospital, a 640,000 square foot 198-bed facility providing care for patients from the surrounding cities and towns throughout the greater Kennebec Valley and is the largest private employer in the region. Central Maine Power is headquartered in Augusta approximately 2.6 miles from the Property and employs about 1,200 people.
Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, wg@bangrealty.com, ME DRE Lic. DB921170