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Starbucks Center 200 New County Rd 7,800 SF 100% Leased Retail Building Thomaston, ME 04861 $4,950,769 ($634.71/SF) 6.50% Cap Rate
Investment Highlights
- New Construction
- Investment Grade Anchor
- Minimal Landlord Responsibilities
- Attractive Rent Increases
- Experienced Operators
- Strategic Retail Location
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,800 SF
Building Class
C
Year Built
2025
Price
$4,950,769
Price Per SF
$634.71
Cap Rate
6.50%
NOI
$321,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Zoning
HC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- AT&T Wireless
- Retailer
- -
- -
- Nov 2030
- Jersey Mikes
- Retailer
- -
- -
- Nov 2030
- Local Infusion
- Health Care and Social Assistance
- -
- -
- Aug 2027
- Starbucks
- Retailer
- -
- -
- Mar 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| AT&T Wireless | Retailer | - | - | Nov 2030 | ||
| Jersey Mikes | Retailer | - | - | Nov 2030 | ||
| Local Infusion | Health Care and Social Assistance | - | - | Aug 2027 | ||
| Starbucks | Retailer | - | - | Mar 2031 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | STGE-000207-000000-000053 | Improvements Assessment | $181,600 |
| Land Assessment | $47,100 | Total Assessment | $228,700 |
Property Taxes
Parcel Number
STGE-000207-000000-000053
Land Assessment
$47,100
Improvements Assessment
$181,600
Total Assessment
$228,700
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