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200 Gallery Blvd Scarborough, ME 04074

Sponsored
For Sale
$5,250,000

High-traffic, triple-net leased pads.

Property size:
13,725 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional retail investment opportunity presents a stabilized, triple-net (NN) leased property encompassing 13,725 square feet across three buildings situated on a 2.48-acre lot in Scarborough, Maine. Built between 2009 and 2012, the property boasts 100% occupancy with a strong tenant lineup including Taco Bell and KFC, both credit-rated and operating under a ground lease, responsible for building maintenance including roof and structure. The property enjoys a prime location at the I-95 and I-295 interchange, offering exceptional visibility and accessibility. Benefitting from its proximity to a high-performing Walmart-anchored center, including Lowe's, HomeGoods, and Marshalls, the property experiences significant traffic, ranking as the third most visited strip center in Maine with 1.3 million annual visits. The property's strong demographics, with over 95,000 residents within a 5-mile radius and average household incomes exceeding $90,000, further enhance its investment appeal. The asking price is $5,250,000, representing a price per square foot of $382.51 and a 7.21% cap rate, with a net operating income (NOI) of $378,716. This presents a compelling opportunity for investors seeking a high-performing, low-risk retail investment in a thriving New England market. The property's location in Scarborough, Cumberland County, Maine (zip code 04074), at 200 Gallery Blvd, ensures consistent high traffic and visibility. The property's tenant mix is resistant to e-commerce trends, further solidifying its long-term value.

Property Features for 200 Gallery Blvd

General Information

Property type
Individual retail properties
Square Feet
13,725 SF
Lot Size
108,029 SF

Building Details

Year Built
2009
Buildings
3

Property Profile Location Intelligence

Current Use by Public Records

Sally Beauty Beauty Supply Store GameStop Video Game Store Little Caesars Pizza Pizza Restaurant

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Scarborough
County
Cumberland
State
Maine
Longitude
-70.34364618
Latitude
43.62447989

FAQs

What type of property is this?
Individual retail property - High-traffic, triple-net leased pads.
Where is this individual retail property located?
The property is located at 200 Gallery Blvd Scarborough, ME.
What is the asking price?
The asking price for this property is $5,250,000.
More about this property
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