210 Main St · Waterville, ME 04901 · Pharmacy
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
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.
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.
Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.