MLS 1425666

80 Valley Circle

Rumford, Maine, 04276

$3,187,232
  • Fin Total 80393 sqft.
  • Site
  • Zone Commercial
  • County Oxford
  • City Rumford
Listing Office: Bean Group

Rumford Plaza is an attractive investment with a tenant roll of Marden's (54% of space), Tractor Supply Company, Dollar Tree and Motion Industries (Genuine Parts Company).Listed at $39.65/SF, a fraction of its replacement and land cost, while yielding a potential 8.21%, fully leased unlevered return, Rumford Plaza offers a rare combination value & yield play. The shopping center is currently 92.5% leased with 6,000 SF available of the 80,393 SF.There are high barriers to entry as land and construction costs make new shopping centers cost prohibitive and a dearth of available properties capable of handling big box retailers Marden's and Tractor Supply.High built-in escalators for Marden's (11.1% increase), Tractor Supply (10.1% each extension) and Dollar Tree (9.1%) make it even more appealing. This is a rare investment opportunity providing a steady yield with long-term growth potential. It's an ideal 1031 exchange.

  • Lot Size 0 acres
  • Zone Commercial
  • County Oxford
  • City Rumford
  • Full Tax Amount $13,749.00