461 MAIN ST

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461 MAIN ST

SACO, ME 04072
Asking Price
$4.50M
Cap Rate
5.44%
Asset Type
Bank Retail
Class
Class B

What's Special

Walgreens site for Sale or For Lease! <p><span style="color: rgba(51, 51, 51, 1)">Subject property is located at 461 Main St in Saco Maine. Current tenant is Walgreens with a 20 year initial lease term and (4) 5 year renewal options. Walgreens is currently in their second renewal option, set to expire on 2/28/2027. Walgreens is the only national Drug Store in Saco, ME!</span></p><p><span style="color: rgba(51, 51, 51, 1)">Building was built in 1997 and is 11,180 +/- SF on 2.22 AC of land. The property has 57+/- parking spots.</span

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NOI
$80,000
Cap Rate
1.78%
DSCR
0.30
Underwater
Cash-on-Cash
-13.86%
Monthly Payment
$22,263.545
Annual Cash Flow
$-187,162.537

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