Log In/Sign Up
Your email has been sent.
Rite Aid 210 Main St 14,673 SF Retail Building Waterville, ME 04901 $9,885,962 CAD ($673.75 CAD/SF) 10% Cap Rate
Executive Summary
Walgreens | 10% Capitalization Rate
Corporate-backed Walgreens located at 210 Main Street in Waterville, Maine, with over four years remaining on a triple net lease and six 5-year renewal options.
The current annual rent is $718,391 with scheduled increases over the option periods.
The 14,673 SF building, constructed in 2009, sits on a 2.23-acre parcel and offers stable cash flow backed by a nationally recognized tenant.
Waterville is a hub in Central Maine, bolstered by recent investments, revitalization efforts, and growing healthcare and education sectors. The city is also home to two well-known institutions of higher learning: Colby College and Thomas College, which contribute to a strong local workforce, steady population base, and consistent demand for goods and services. The property’s strategic location and solid lease fundamentals make it a compelling net lease investment opportunity.
Corporate-backed Walgreens located at 210 Main Street in Waterville, Maine, with over four years remaining on a triple net lease and six 5-year renewal options.
The current annual rent is $718,391 with scheduled increases over the option periods.
The 14,673 SF building, constructed in 2009, sits on a 2.23-acre parcel and offers stable cash flow backed by a nationally recognized tenant.
Waterville is a hub in Central Maine, bolstered by recent investments, revitalization efforts, and growing healthcare and education sectors. The city is also home to two well-known institutions of higher learning: Colby College and Thomas College, which contribute to a strong local workforce, steady population base, and consistent demand for goods and services. The property’s strategic location and solid lease fundamentals make it a compelling net lease investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,673 SF
Building Class
B
Year Built
2009
Price
$9,885,962 CAD
Price Per SF
$673.75 CAD
Cap Rate
10%
NOI
$988,596 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.15
Lot Size
2.23 AC
Opportunity Zone
Yes
Zoning
Commercial-A
Parking
69 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WAVL-000048-000000-000328 | Improvements Assessment | $2,163,912 CAD |
| Land Assessment | $597,695 CAD | Total Assessment | $2,761,607 CAD |
Property Taxes
Parcel Number
WAVL-000048-000000-000328
Land Assessment
$597,695 CAD
Improvements Assessment
$2,163,912 CAD
Total Assessment
$2,761,607 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Rite Aid | 210 Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.