65 Falmouth StRumford, ME 04276

Property Details for 65 Falmouth St

Lot size

1.32 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional retail investment property in Rumford, Maine, offers a compelling opportunity. Priced at $1,132,573, it boasts a strong net operating income (NOI) of $84,943, representing a 7.50% cap rate. The property comprises 15,580 net rentable square feet across two buildings situated on a 1.32-acre lot. It's 100% occupied by two credit-rated, corporate-guaranteed tenants: Rent-A-Center and Aubuchon Hardware. Both tenants have demonstrated long-term commitment, occupying the space for over 20 years. Rent-A-Center's lease extends to June 2027, with a five-year option to 2032, including a 15% rent increase. Aubuchon Hardware's lease runs through December 2032, featuring five additional five-year renewal options with 2% annual rent increases. The property benefits from a newly paved parking lot (2019, $62,000 investment). This NN lease structure minimizes landlord responsibilities, providing a secure and stable income stream. The lease terms, coupled with the tenants' established presence and strong creditworthiness, present a low-risk, high-reward investment opportunity. The property is located at 65 Falmouth St, Rumford, ME 04276.

Location Insight

City

Rumford

County

Oxford

State

Maine

Latitude

44.5546

Longitude

-70.5488

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