175 High St, Ellsworth, ME 04605

Listing office JLL - Boston, Massachusetts

Listing date Aug 23, 2024

Source Crexi

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Overview

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.

Suggested Use

Storage Facility Furniture & Home Goods Electrical Service Car Rental Facility Wine and Liquor Store Tech Support Center Travel Agency Cosmetic Store Plumbing Service Carpet & Flooring Store

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

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• Ellsworth Shopping Center — 175 High St, Ellsworth, ME 04605

Location Insight

• Map
• Local Demand

City

Ellsworth

County

Hancock

State

Maine

Longitude

-68.4129553

Latitude

44.5347662

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FAQs

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.