461 MAIN ST · SACO, ME 04072 · 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.
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!
Building was built in 1997 and is 11,180 +/- SF on 2.22 AC of land. The property has 57+/- parking spots.
Subject property is located on Route 1 with high traffic counts. The average daily traffic count is 22,440!
Landlord is responsible for the roof and structure of the building and parking lot.
Rent is as follows:
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.
Located across from Thornton Academy High School, a private day and boring school for grades 6-12. It is the largest independent school in Maine serving 1,600 local and interrelation students!
Property is available for Sale or For Lease!
Call John at 207-939-8500 for more details!
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.