175 High St Ellsworth, ME 04605
- Super regional malls
- 40,250 SF
- 10.96 lot acres
Current Use by Public Records
- Super regional malls
Property Details for 175 High St
- Year built
- 1965
- Lot size
- 10.96 lot acres
- Property size
- 40,250 SF
- Zone code
- UDT
- Property type
- 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.
Value Estimation
-
CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ellsworth
- County
- Hancock
- State
- Maine
- Longitude
- -68.414
- Latitude
- 44.5349
