175 High StEllsworth, ME 04605

Property Details for 175 High St

Year built

1965

Lot size

10.96 AC

Property size (Sq ft)

40,250 SF

Zone code

UDT

Property type

Retail properties

Property subtype

Super regional malls

APN

ELLH M:131 B:017 L:000 U:000

APU

ELLHM131B017L000U000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $9,782,155

  6.5%

  $9,029,682

  7%

  $8,384,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,252,844

  Geo Method

  $13,252,844

• Alternative Use

  Use

  Valuation

  Residential

  $7,616,874

  Hospitality

  $6,977,016

  Educational

  $5,804,796

  Medical

  $6,004,431

  Retail

  $9,029,682

Location Insight

City

Ellsworth

County

Hancock

State

Maine

Latitude

44.5349

Longitude

-68.414

Property Tax & Assessments

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