Shopping Community
Mount Blue Shopping Center
632 Wilton Rd, Farmington, ME 04938
Listing Price: $6,500,000
Investment Overview
The Marcus & Millichap team of Patton | Wiles | Fuller is pleased to present for sale Mount Blue Shopping Center in Farmington, Maine, a 98% occupied, 97,408 SF grocery-anchored shopping center anchored. This center is shadowed by Walmart Supercenter, which is 35 minutes to the next closest Walmart. 82% of tenancy is comprised of national retailers such as Big Lots, Save-A-Lot, Dollar Tree, Rent-A-Center, US Cellular, etc. This investment provides a 13.2% Cash/Cash Return (20.7% Total Return) at projected list-price with new bank financing. Cheap anchor rents in this center: Big Lots ($5.25/SF Gross), Save A Lot ($3.50/SF NNN), Sears ($4.25/SF NNN). There is a pad site development opportunity along Wilton Road; 3,000 SF building up to 12 feet in height approved. Property is located next to Franklin Memorial Hospital (65-Bed Hospital with Medical/Surgical/Pediatric/Diagnostic Services); 35 minutes to next closest hospital. Low average rent of $5.65/SF NNN; priced well below replacement cost at $67/SF. Farmington, Maine is the county seat of Franklin County; home to University of Maine at Farmington (1,600 Students). 16,310 cars/day along Wilton Road, area’s primary retail corridor including Taco Bell, Pizza Hut, AutoZone, Burger King, Dunkin Donuts, Tractor Supply Co., etc.
Investment Highlights
- 98% Occupied, 97,408 SF Grocery-Anchored Shopping Center in Farmington, ME
- Shadowed by Walmart Supercenter (35 Minutes to Next Closest Walmart)
- 82% of Tenancy Comprised of National Retailers (Big Lots, Save-A-Lot, Dollar Tree, Rent-A-Center, US Cellular, etc.)
- 13.2% Cash/Cash Return (20.7% Total Return) Projected at List-Price with New Bank Financing
- Cheap Anchor Rents: Big Lots ($5.25/SF Gross), Save A Lot ($3.50/SF NNN), Sears ($4.25/SF NNN)
- Pad Site Development Opportunity – 3,000 SF Building Up To 12 Feet In Height Approved
- Located Next to Franklin Memorial Hospital (65-Bed Hospital with Medical/ Surgical/Pediatric/Diagnostic Services) – 35 Minutes to Next Closest Hospital
- Low Average Rent of $5.65/SF NNN; Priced Well Below Replacement Cost at $67/SF
Listing Price: $6,500,000
Investment Highlights
- 98% Occupied, 97,408 SF Grocery-Anchored Shopping Center in Farmington, ME
- Shadowed by Walmart Supercenter (35 Minutes to Next Closest Walmart)
- 82% of Tenancy Comprised of National Retailers (Big Lots, Save-A-Lot, Dollar Tree, Rent-A-Center, US Cellular, etc.)
- 13.2% Cash/Cash Return (20.7% Total Return) Projected at List-Price with New Bank Financing
- Cheap Anchor Rents: Big Lots ($5.25/SF Gross), Save A Lot ($3.50/SF NNN), Sears ($4.25/SF NNN)
- Pad Site Development Opportunity – 3,000 SF Building Up To 12 Feet In Height Approved
- Located Next to Franklin Memorial Hospital (65-Bed Hospital with Medical/ Surgical/Pediatric/Diagnostic Services) – 35 Minutes to Next Closest Hospital
- Low Average Rent of $5.65/SF NNN; Priced Well Below Replacement Cost at $67/SF
Investment Overview
The Marcus & Millichap team of Patton | Wiles | Fuller is pleased to present for sale Mount Blue Shopping Center in Farmington, Maine, a 98% occupied, 97,408 SF grocery-anchored shopping center anchored. This center is shadowed by Walmart Supercenter, which is 35 minutes to the next closest Walmart. 82% of tenancy is comprised of national retailers such as Big Lots, Save-A-Lot, Dollar Tree, Rent-A-Center, US Cellular, etc. This investment provides a 13.2% Cash/Cash Return (20.7% Total Return) at projected list-price with new bank financing. Cheap anchor rents in this center: Big Lots ($5.25/SF Gross), Save A Lot ($3.50/SF NNN), Sears ($4.25/SF NNN). There is a pad site development opportunity along Wilton Road; 3,000 SF building up to 12 feet in height approved. Property is located next to Franklin Memorial Hospital (65-Bed Hospital with Medical/Surgical/Pediatric/Diagnostic Services); 35 minutes to next closest hospital. Low average rent of $5.65/SF NNN; priced well below replacement cost at $67/SF. Farmington, Maine is the county seat of Franklin County; home to University of Maine at Farmington (1,600 Students). 16,310 cars/day along Wilton Road, area’s primary retail corridor including Taco Bell, Pizza Hut, AutoZone, Burger King, Dunkin Donuts, Tractor Supply Co., etc.

