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    FOR SALE
    Super regional malls

    175 High St, Ellsworth, ME 04605

    40,250 SF 10.96 ac lot Built 1965
    Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US42-0823454
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Dk Ellsworth Shopping Ctr · 4 yrs held
    Dk Ellsworth Shopping Ctr
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    UDT · Ellsworth, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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