208 High St - Freestanding FOR SALE


Ellsworth, ME 04605
$4,591,243 USD
781-776-4003
208 High St, Ellsworth, ME for Sale
$4,591,243 USD
Freestanding - FOR SALE
1/8
null | 6.75% Cap Rate

208 High St
Ellsworth, ME 04605


HIGHLIGHTS

  • Strong Credit
  • Minimal Landlord Responsibilities
  • Scheduled Rent Increases
  • Strategic Retail Location
  • Area Attractions

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Ellsworth Shopping Center, a well-maintained retail plaza located at 208 High Street in Ellsworth, Maine (the “Property”). Ellsworth Shopping Center is a 15,060 square foot retail plaza on a 1.77-acre parcel that is 100% leased to a complimentary mix of tenants. The center consists of a freestanding single tenant AutoZone (Ground Lease) and a two-tenant building leased to Mattress Firm and Aspen Dental. Each of the tenants have net leases and scheduled increases in either the primary lease term or renewal options, making it an attractive investment for the passive investor and protecting the in-place cash flow against inflation and rising costs of service and labor. Ellsworth Shopping Center benefits from outstanding visibility, frontage and signage along High Street (US Route 1) in the center of a dominant trade area that is home to countless national retailers, area schools, and Northern Light Maine Coast Hospital. The Property is in between a Shaw’s anchored shopping center and a Hannaford anchored shopping center and is within 1.5-miles of Walmart Supercenter and Home Depot, all of which drive traffic to the area. Ellsworth is located in eastern Maine and serves as the gateway to the Downeast Region and Acadia National Park.

FOR SALE DETAILS

PRICE

$4,591,243 USD

PRICE/SF

$597 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ellsworth Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

-

APN/PARCEL ID

ELLH-000131-000047

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.