Saco, ME Retail Property For Sale

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Retail for Sale

Saco, ME 04072

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 the only national Drug Store in Saco, ME!

Building was built in 1997 and is 11,180 +/- SF on 2.22 AC of land.

Subject property is located on Route 1 with high traffic counts. To the south of the property on Route 1 the average daily traffic count is 22,440 and to the north on Route 1 the average daily traffic count is 23,590!

Landlord is responsible for the roof and structure of the building.

Walgreen’s recently exercised their second renewal option (a year early, showing their strong commitment to the site), extending the lease until 2027.

Rent is as follows:

**Projection is based on 2022 rent increase. (Seller is pledging the difference in rent, $12,298, until the new rent begins in approximately 12 months.

Option 1 (2017-2022)- $210,743 Annually

Option 2 (2022-2027) – $223,041 Annually

Option 3 (2027-2032) -$234,221 Annually

Option 4 (2032-2037) – $245,401 Annually

*Walgreens has a restriction on 2-mile radius of property for drugstore, beauty and health products.

Demographics: Median-Income:

Mile 1- 6,019 Mile 1- $38,494

Mile 2- 31,269 Mile 2- $40,227

Mile 3- 48,288 Mile 3- $45,289

Retail for Sale

Saco, ME 04072

3,010 SF MOVE IN CONDITION,WELL DIVERSIFIED, TURNKEY BUILDING with onsite parking parking for 20 cars and additional abundant street parking. Expandable 1,328 SF 3rd floor & expandable 38' x 28' Carriage House. Located in the historical section of beautiful downtown Saco. This property currently is being used as a very large hair & manicure salon and has been very well maintained consistently. This well diversified zone allows commercial, multi-family & residential use. This building will meet the requirements of most buyers wants & needs. All three levels can be easily separated & leased as there is an additional 2nd floor entrance.Terrific Condition.No remodeling required. MOVE RIGHT IN. Must see property! Showing Schedule-Due to business hours of operation, showings are late Saturday afternoons 3:00,Sundays 11:00 & Mondays 11:00 with 24 hour notice required.

Retail for Sale

Saco, ME 04072

4,308± SF restaurant/retail building at lighted intersection on busy Main Street (Route 1) corridor

Excellent visibility and signage opportunities, with immediate access to I-195

Nearby businesses include Dunkin’, KFC/Taco Bell, Starbucks, Hannaford, McDonald’s, Wendy’s, Ricetta’s, Saco Valley Credit Union, Biddeford Saco Dental and many more

Traffic counts of 23,210 AADT 2019

Abundant parking on 1.78± acre site

Space for Sale

Saco, ME 04072

Fully operational 26-key motel

Large Manager’s Quarters & storage garage

Traffic count: 29,292 AADT on Main Street

Prime Saco location; close proximity to I-95 and area beach attractions

Major recent capital improvements

In-ground swimming pool

Purchase price: $2,325,000

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