For Sale
$5,250,000

200 Gallery BlvdScarborough, ME 04074

High-traffic, triple-net leased pads.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment opportunity presents a stabilized, triple-net (NN) leased property encompassing 13,725 square feet across three buildings situated on a 2.48-acre lot in Scarborough, Maine. Built between 2009 and 2012, the property boasts 100% occupancy with a strong tenant lineup including Taco Bell and KFC, both credit-rated and operating under a ground lease, responsible for building maintenance including roof and structure. The property enjoys a prime location at the I-95 and I-295 interchange, offering exceptional visibility and accessibility. Benefitting from its proximity to a high-performing Walmart-anchored center, including Lowe's, HomeGoods, and Marshalls, the property experiences significant traffic, ranking as the third most visited strip center in Maine with 1.3 million annual visits. The property's strong demographics, with over 95,000 residents within a 5-mile radius and average household incomes exceeding $90,000, further enhance its investment appeal. The asking price is $5,250,000, representing a price per square foot of $382.51 and a 7.21% cap rate, with a net operating income (NOI) of $378,716. This presents a compelling opportunity for investors seeking a high-performing, low-risk retail investment in a thriving New England market. The property's location in Scarborough, Cumberland County, Maine (zip code 04074), at 200 Gallery Blvd, ensures consistent high traffic and visibility. The property's tenant mix is resistant to e-commerce trends, further solidifying its long-term value.

Property Details for 200 Gallery Blvd

Property type
Retail properties, Retail space
Square Feet
13,725 SF
Year Built
2009
Buildings
3
Lot Size (sq. ft)
108,029 SF

Location Insight

City
Scarborough
County
Cumberland
State
Maine
Latitude
43.62447989
Longitude
-70.34364618
200 Gallery Blvd, Scarborough, Maine

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200 Gallery Blvd
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