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    175 High St Ellsworth, ME 04605

    Sponsored
    For Sale
    Contact for pricing

    Three Centers, High Occupancy, Strong Tenants

    Property size:
    253,503 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail investment opportunity comprises three strategically located shopping centers in Maine, New Hampshire, and Rhode Island, totaling 253,503 square feet. The portfolio boasts a remarkable 98% occupancy rate, anchored by major national tenants including Shaw's Supermarket, Stop & Shop (master lease), Marshalls, Tractor Supply, Dollar Tree, and Family Dollar. The Ellsworth, ME location (101,608 sq ft, 100% occupancy, $1,109,070 in-place NOI) features Shaw's Supermarket, Reny's, and Wendy's. The Gorham, NH center (71,000 sq ft, 97% occupancy, $381,324 in-place NOI) includes Tractor Supply, Marshalls, and Dollar Tree. Finally, the Warwick, RI property (80,895 sq ft, 96% occupancy, $701,460 in-place NOI) is anchored by a Stop & Shop master lease, along with Family Dollar and Goodwill. The portfolio offers a weighted average lease term of 6.2 years and presents significant value-add opportunities, with a low cost basis and limited capital requirements. This stabilized investment is situated in high-barrier-to-entry markets, providing a compelling return on investment. The properties are offered for sale individually, as a sub-portfolio, or as the complete portfolio.

    Property Features for 175 High St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    253,503 SF

    HighLights

    • ±253,503 square feet across three shopping centers in high‑barrier‑to‑entry markets.
    • 98% occupied with ~93% of income from national credit tenants (Shaw's, Stop & Shop, Marshalls, Tractor Supply, Dollar Tree, Family Dollar).
    • 6.2‑year weighted average lease term (WALT).
    • Value‑add opportunities exist at all three properties.
    • Low cost basis and limited capital requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ellsworth
    County
    Hancock
    State
    Maine
    Longitude
    -68.412808137913
    Latitude
    44.535015778606

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    FAQs

    What type of property is this?
    Lifestyle center - Three Centers, High Occupancy, Strong Tenants
    Where is this lifestyle center located?
    The property is located at 175 High St Ellsworth, ME.
    What are key features of this property?
    This property features: ±253,503 square feet across three shopping centers in high-barrier-to-entry markets.; 98% occupied with ~93% of income from national credit tenants (Shaw's, Stop & Shop, Marshalls, Tractor Supply, Dollar Tree, Family Dollar).; 6.2-year weighted average lease term (WALT).
    Request Owner's contact information
    175 High St Ellsworth, ME 04605
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    Ellsworth, ME 04605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    175 High St Ellsworth, ME 04605
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