New England Retail Center
For Sale
Contact for pricing
Pending
175 High St, Ellsworth, ME 04605
Grocery-anchored and necessity-oriented retail centers in New England.
Property Size253,503 SF
Days on Market729
Property Features for 175 High St
General Information
Standard status
Pending
Size
253,503 SF
Property subtype
Retail
Occupancy
98%
Investment Type
Stabilized
Building Details
Tenancy
Multi
Listing Agency:
JLL - Boston, Massachusetts
Listed By:
Zachary Nitsche · License #MA 9574279
Source:
Crexi
Added: Aug 23, 2024
Changed: Aug 21
Last Checked: Aug 19 at 9:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Boston, Massachusetts
Investment Insights
Based on property information with market context.
The KGI 3 Portfolio offers the opportunity to acquire one grocery-anchored and two necessity-oriented retail centers in New England. The portfolio includes Ellsworth Shopping Center in Ellsworth, ME, Mountain Valley Plaza in Gorham, NH, and Crossroads Plaza in Warwick, RI. Ellsworth Shopping Center spans 101,608 square feet and is 100% occupied, with an in-place NOI of $1,109,070. Major tenants include Shaw's Supermarket, Reny's, and Wendy's. Mountain Valley Plaza comprises 71,000 square feet with 97% occupancy and an in-place NOI of $381,324. Major tenants are Tractor Supply, Marshalls, and Dollar Tree. Crossroads Plaza features 80,895 square feet, 96% occupancy, and an in-place NOI of $701,460. Key tenants include Stop & Shop (master lease), Family Dollar, and Goodwill. The entire portfolio, totaling 253,503 square feet, is offered at a discount to replacement cost with below-market in-place rents and densification opportunities. Individual assets, sub-portfolios, or the full portfolio can be acquired.
Key Highlights
- Anchored by Shaw’s Supermarket and national tenants including Stop & Shop, Marshalls, and Tractor Supply.
- Significant discount to replacement cost.
- Below‑market in‑place rents offer potential for increased returns.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04605, ME
13,651
Population
9,188
Households
1.5
Avg Household Size
47
Median Age
39%
College-Educated
96%
High-School Grad
265.4 sq mi
ZIP Area
51
Density / Sq Mi
$72,083
Median Household Income
$42,262
Median Earnings
$983
Median Rent
$230,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Grocery-anchored and necessity-oriented retail centers in New England.
Where is this shopping center located?
The property is located at 175 High St Ellsworth, ME.
What are key features of this property?
This property features: Anchored by Shaw’s Supermarket and national tenants including Stop & Shop, Marshalls, and Tractor Supply.; Significant discount to replacement cost.; Below‑market in‑place rents offer potential for increased returns.
