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Sat, May 28
A Compendium of Property & Capital News
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May 28
A Compendium of Property & Capital News

Horvath & Tremblay Complete Trade of Augusta ME ConvenientMD for $5M+

April 27, 2022
ConvenientMD, Augusta ME

AUGUSTA, ME — Bob Horvath and Todd Tremblay of Horvath & Tremblay completed the sale of ConvenientMD in Augusta, Maine. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the $5,076,400 transaction.

ConvenientMD is located at 10 Whitten Road in Augusta, Maine. The stand-alone building was constructed for ConvenientMD in 2021 and contains 5,148 square feet, on a 0.84-acre lot. ConvenientMD has 19+ years remaining on their Absolute NNN Lease, as well as four, 5-year renewal options.

The lease calls for 10% rent increases every five years throughout the base term and at the start of each renewal option. The property is located within the regional trade area along Route 202 at Interstate 95. ConvenientMD is located in the Turnpike Mall Shopping Center and across the street from Hannaford Supermarket. The property is well-positioned along Route 202, the primary commercial corridor in Augusta, with many national retailers and restaurants in the immediate trade area. It is located less than 0.2 miles from the Interstate 95/Route 202 interchange providing convenient highway access and visibility for area residents and passing motorists.