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Topsham Fair Mall 49-55 Topsham Fair Mall Rd 74,432 SF 100% Leased Retail Building Topsham, ME 04086 $12,841,892 ($172.53/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • The Asset
  • Prime Retail Location
  • Residential Development
  • Operating Expense Protection
  • Area Drivers
  • Significant Area Employers

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the Topsham Fair Mall I, which is comprised of a multi-tenant retail center located at 49-55 Topsham Fair Mall Road in Topsham, Maine (the “Property”). Located in the heart of Topsham’s commercial district, the mall was constructed in 1986 and has been well maintained and renovated over the years. The Topsham Fair Mall consists of 74,432 square feet on a combined 8.05-acres of land. The Property is 100% leased to seventeen (17) tenants and is anchored by New England Fitness and The Furniture Gallery, with the remainder of the space leased to local and regional retailers, restaurants and service tenants that cater to the needs of the area residents. The Topsham Fair Mall I offers a stable and secure asset with established tenants and long-term leases that feature scheduled rent increases and expense reimbursements. The Topsham Fair Mall area is mid-coast Maine’s largest retail concentration, located immediately adjacent to the exit 31 interchange with Route 196 (Lewiston Road), known as the ‘Coastal Connector’, which carries one of the highest traffic volumes in Maine and is the primary regional artery connecting to Route 1 and the Maine Coast for both regional workers and seasonal residents and tourists. The Topsham Fair Mall is part of an overall retail and commercial development comprising approximately 850,000 square feet. The entire development is 100% occupied, there having been no vacancies (apart from the recent JoAnn’s bankruptcy-caused closure, now replaced by The Furniture Gallery) in the entire Mall area for several years. The Property is surrounded by national retailers including Target, Home Depot, Dick’s, Petco, Hannaford’s and a newer 81,000 square foot Market Basket (two major supermarkets doing well-over a combined $125 million in sales) that drive traffic to the area and is convenient to Topsham and Brunswick’s residential neighborhoods and schools providing a built-in customer base. These are Target, Home Depot, Market Basket, Dicks’s and Petco’s only locations in the entire mid-coast region. Additionally, Smitty’s Cinema is the sole multi-screen theater in the region. All of the ‘regional’ and the majority of the ‘local’ customers destined for these major ‘big box’ stores must pass by the Property both coming and going, affording exceptional exposure and accessibility. The Topsham Fair Mall is seconds from Interstate 295, 1-mile from US Route 201, 2-miles from US Route 1, and 2.8-miles from Bowdoin College.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
74,432 SF
Building Class
B
Year Built
1985
Price
$12,841,892
Price Per SF
$172.53
Cap Rate
7.50%
NOI
$963,141
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
6.69 AC
Zoning
NO
Frontage
1,814’ on Topsham Fair Mall

AMENITIES

  • Pylon Sign
  • Signalized Intersection
  • Car Charging Station

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • $12.00
  • -
  • -

Local café located in Topsham, ME.

  • Retailer
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Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. They believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities. With most items priced between $1 and $5 and some extreme value items priced beyond $5 in their incredible Five Beyond shop, Five Below makes it easy to say YES! to the newest, coolest stuff across eight awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy, and New & Now.

  • Retailer
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The Hannaford brothers began selling produce in Portland, Maine, in 1883, but it took a lot more than fresh tomatoes and apples to grow their business. The brothers looked at their customers and understood what they cared about most – family, community, quality, value – and built the business accordingly, with core values that still show them the way. Today, they live those values in more than 180 stores and with 26,000 associates, their roots still firmly planted in the Northeast.

  • Professional, Scientific, and Technical Services
  • -
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Since opening their first location in Bangor in 1997, a passionate family has grown a single neighborhood pizza shop into a beloved local brand with multiple locations across Maine, including Bangor, Brewer, and Topsham. With the help of the next generation, they've expanded their reach while staying true to their roots—serving authentic New York-style pizza with warmth, integrity, and excellence. Their commitment to legendary service, employee growth, and strong community ties drives everything they do, creating not just a restaurant, but a family-centered mission that continues to thrive.

  • Retailer
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Since 1943, JOANN Fabric and Craft Stores have grown from a favorite fabric destination to the one-stop shop for sewing, knitting, crocheting, crafting & decorating any home and for every season. They are crafters, yes – and they are also trend forecasters, store planners and caring helpers to all hearts, hands and minds. They are a patchwork community of real people, stitched together by one common goal: to inspire others who like to create with their hands, hearts and minds. Their mission is to inspire the creative spirit in everyone — customers and employees alike.

  • Retailer
  • -
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Lamey Wellehan was founded in 1914 in Lewiston, Maine by Charles Lamey and Daniel Wellehan. Headquartered in Auburn, the company operates as a privately held, family-owned business specializing in retail footwear and accessories. Over more than a century, Lamey Wellehan has grown to multiple retail locations across Maine and an e-commerce platform, offering over 100 brands of shoes and related products. The company is recognized for its sustainability initiatives, including eliminating plastic bags and implementing energy reduction programs. It also runs community programs such as “Shoes for Families,” donating thousands of pairs annually to those in need. Lamey Wellehan has received industry accolades, including the National Shoe Retailers Association’s Retailer of the Year award in 2018.

  • Arts, Entertainment, and Recreation
  • -
  • -
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At New England Fitness, they are a small, local business helping people from all corners of the greater Topsham/Brunswick area reach their fitness and wellness goals everyday. With a variety of services, welcoming staff and members and a fun atmosphere, you’ll feel comfortable as soon as you walk in. Whether you are a life-long athlete or just beginning on your wellness journey, they will support you every step of the way. And… they are only a quarter mile from the Topsham 295 exit so inconvenience won’t be an excuse again! They offer an assortment of fitness services including a 24 hour gym and weight room, equipped with a variety of cardio and weight machines and hundreds of free weights, personal training, and 25+ fitness classes each week. Their wellness services range from massage therapy and injury care to weight loss programs, nutritional counseling and colon hydrotherapy. Whether you are looking to get fit, lose weight or improve your health, they are ready to help.

  • Retailer
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In 1949, Robert H. Reny (better known to all as “R.H.”) opened his first store in Damariscotta, Maine. The first winter was so slow that in order to keep the store open, R.H. had to go door to door around the area selling merchandise out of his old Hudson. That winter he made so many friends that in the spring his new friends came in to shop at the store and the business has been growing ever since! His philosophy was simple – make great buys of quality merchandise and pass these incredible values along at the lowest possible price to our customers! This philosophy has driven our successful business for over 68 years!

  • Sherman's Maine Coast Book Shop
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  • Information
  • -
  • -
  • Triple Net
  • -

Smitty’s theaters are built for comfort, with plush lounge chairs and long tables so that you can relax and dine while you watch your favorite movies. And remember; our friendly servers take your order at your seat and deliver hot and tasty food, taking great care to serve efficiently and accurately. Our servers will let you enjoy your movie, but will be available when needed.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - $12.00 - -
Retailer - - - -
Retailer - - - -
Professional, Scientific, and Technical Services - - - -
Retailer - - - -
Retailer - - - -
Arts, Entertainment, and Recreation - - - -
Retailer - - - -
Sherman's Maine Coast Book Shop - - - - -
Information - - Triple Net -

NEARBY MAJOR RETAILERS

Norway Savings Bank
Camden National Bank
Starbucks
Ninety Nine Restaurant & Pub
Buffalo Wild Wings
Market Basket
Toyota

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
TOPM-000005B-000000-000009-AR000000
Land Assessment
$0
Improvements Assessment
$64,800
Total Assessment
$64,800
  • Listing ID: 37691662

  • Date on Market: 9/16/2025

  • Last Updated:

  • Address: 49-55 Topsham Fair Mall Rd, Topsham, ME 04086

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