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Walgreens 84 E Main St 11,180 SF Retail Building Fort Kent, ME 04743 $3,554,164 CAD ($317.90 CAD/SF) 7.35% Cap Rate
Investment Highlights
- The offering is a single-tenant Walgreens store located in Fort Kent, ME, which is a historic U.S. – Canada border town
- This location reports $7MM+ in store sales, which equates to a very healthy rent-to-sales ratio
- This is the only national pharmacy that serves this market
- 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
- Minimal landlord expense obligations; the roof and HVAC’s were replaced in 2022
- Fort Kent is a port of entry into Canada, and serves nearby Canadian towns
Executive Summary
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
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Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
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Walgreens | 84 E Main St
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