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Ellsworth Shopping Center 208 High St 15,060 SF 100% Leased Retail Building Ellsworth, ME 04605 $4,427,270 ($293.98/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

Strong Credit
Scheduled Rent Increases
Area Attractions

Minimal Landlord Responsibilities
Strategic Retail Location

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

15,060 SF

Building Class

Year Built

2018

Price

$4,427,270

Price Per SF

$293.98

Cap Rate

NOI

$309,909

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.20

Lot Size

1.77 AC

Opportunity Zone

Yes

Zoning

MAJOR TENANTS

Health Care and Social Assistance
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-
TBD
Dec 2028

At Aspen Dental, they're dedicated to providing more people with the dental care they need, when they need it. Since 1998, they've had one mission at Aspen Dental: To make sure more Americans have access to quality dental care.

AutoZone
Retailer
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-
-
-

Retailer
-
-
TBD
Jan 2029

For the past 90 years, Mattress Firm and their family of companies have been delivering better sleep by matching customers with their perfect mattress at the perfect price. What started as a few stores has grown into America’s largest specialty mattress store, with thousands of neighborhood stores nationwide. Each Sleep Expert® begins their career with 80 hours of training. But training can only go so far, and that’s where Mattress Firm is different. They believe the best way to guarantee unparalleled service to customers worldwide is to have happy, inspired employees. They have built a culture where people love to come to work and always wake up on the right side of the bed.