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Ellsworth Shopping Center 208 High St 15,060 sq ft 100% Let Retail Property Ellsworth, ME 04605 £3,310,093 (£219.79/sq ft) 7% Net Initial Yield

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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
Standalone
Property Size
15,060 sq ft
Costar Property Class
B
Year Built
2018
Price
£3,310,093
Price per sq ft
£219.79
Yield
7%
NOI
£231,707
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.20
Total Plot Size
1.77 ac
Opportunity Zone
Yes
Use Class
U

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • sq ft OCCUPIED
  • RENT/sq ft
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • 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
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • TBD
  • Jan 2029

Mattress Firm, the nation’s largest omni-channel mattress specialty retailer, through its predecessors, has been helping solve America’s sleep problems for numerous years. Every one of their passionate Sleep Experts are driven by a common purpose: to change people’s lives through better sleep. Whether browsing online or in one of our various stores, their highly trained team provides personalized service and advice to help customers choose the right mattress and bedding products based on their unique needs. Their expertly curated selection of products includes leading brands such as Beautyrest®, Nectar®, Sealy®, Serta®, Simmons®, Sleepy’s® Stearns & Foster®, Tempur-Pedic®, Tuft & Needle®, tulo®, and Purple®. Mattress Firm supports local and national charities through product and monetary donations and offers employee volunteering opportunities to serve their communities.

TENANT INDUSTRY sq ft OCCUPIED RENT/sq ft LEASE TYPE LEASE END
Health Care and Social Assistance - - TBD Dec 2028
AutoZone Retailer - - - -
Retailer - - TBD Jan 2029

NEARBY MAJOR RETAILERS

Aroma Joe's
Shaw's
TD Bank
KeyBank
Hannaford
Governor's Restaurant & Bakery
Rent-A-Center
Camden National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
ELLH-000131-000047
Land Assessment
£352,739
Improvements Assessment
£1,688,687
Total Assessment
£2,041,426
  • Listing ID: 36431028

  • Date on Market: 26/06/2025

  • Last Updated:

  • Address: 208 High St, Ellsworth, ME 04605

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