Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the Starbucks Center located at 200 New County Road in Thomaston, Maine (the “Property”). The newly constructed four-tenant plaza is improved with Starbucks, Jersey Mike’s, AT&T, and Local Infusion and contains 7,800 square feet on a large 2.16-acre parcel. Starbucks has a new 10-year lease with four (4), 5-year renewal options, Jersey Mike’s has a 10-year lease with three (3), 5-year renewal options, AT&T has a 5-year lease with two (2), 5-year renewal options, and Local Infusion has a 10-year lease with one (1), 10-year renewal option. The Starbucks, Jersey Mike’s, and Local Infusion leases call for attractive rent increases throughout the primary lease terms and renewal option periods.
The Starbucks Center is strategically located within Thomaston’s retail node along New County Road (US Highway 1), the area’s primary commercial and commuter corridor. The Property is situated at the signalized intersection of New County Road with Thomaston Commons Way and enjoys outstanding frontage and visibility with ample parking for customers. The Starbucks Center is shadow anchored by Lowe’s and is directly across the street from Walmart Supercenter and Tractor Supply Company. Thomaston is located along central Maine’s shoreline and is approximately 1-hour from Portland, Augusta and Bangor, Maine.