80 Valley Circle
Rumford
Active Commercial Commercial MLS# 1425666
  • CommercialType
  • 80,393SqFt
  • $3,187,232Price
  • Type: Commercial
  • 80,393 SqFt
  • 0 Acres

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 $39.64/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
  • County Oxford
  • City Rumford
  • Zone Commercial
  • Location Business District
  • Full Tax Amount $13,749.00
  • Tax Year 18-19
  • Leases Yes
  • Parking 21+ Spaces, Paved
Listed By:
Bean Group