Property profile

175 High St Ellsworth, ME 04605

FOR SALE
Super regional malls
Property ID
US42-0823454
40,250 SF 10.96 ac lot Built 1965
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1965
Total area 40,250 SF
Lot 10.96 ac (477,418 SF)
Zoning code UDT
APN ELLH M:131 B:017 L:000 U:000
UPID US42-0823454

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cinema (Bike/Boat/Book/etc) Store
  • Nail Salon
  • Department Store
  • Grocery & Convenience Store Food Market
  • Atm Currency Exchange Service

Location

175 High St Ellsworth, ME 04605
Ellsworth metro Census 965503
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$950k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

UDT · Ellsworth, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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