Rumford Plaza, Rumford, Maine For Sale 80,393...Marden’s is a second-generation family-owned company with 14 locations throughout Maine. The Rumford store dominates its market; nearest

Rumford Plaza, Rumford, Maine 80,393 +/- SF Shopping Center 92.5% leased with scheduled high rent increases

‘14AADT: 7,020

Michael Rogers, MBA, Realtor 207.318.9984 [email protected]

Tenants: SF NNN Rent Terminate Commence Marden’s 43,750 $78,750 4/14/20 4/15/07 Tractor Supply Co. 17,250 $66,413 7/31/23 8/1/13 Dollar Tree 10,393 $57,162 10/31/20 11/1/05 Motion Industries 3,000 $17,400 TAW 6/1/09 Current Gross 74,393 $219,725 6.89% Cap Rate Vacant (7.5%) 6,000 $42,000 Gross Potential 80,393 $261,725 8.21% Cap Rate List Price $3,187,232 Extensions: Marden’s 1 (3-year) extension @ 11.11% increase Tractor Supply 4 (5-year) extensions, 10% increase each Dollar Tree 1 (5-year) extension @ 9.09% increase Motion Industries Negotiating new NNN lease

For Sale

Agency represents the Seller. While information is from sources deemed reliable, no warranty or representation, expressed or implied, is made to its accuracy. Purchaser shall rely upon its own due diligence. September 20, 2019

Rare combination value & yield play.


834’ +/- 529.22’

409 Maine St. 0006-0046 1.8 acre

Hines Rd 0006-0047C 3.36 acres 339.41’

20.0’

1 100’

239.9’

306.71’

173.3’

260.65’

402.63’

4

For Sale

‘14AADT: 8,670

1

3 2 4

Boundary lines are approximate. Seller will update survey to delineate area to be conveyed.

Seller Financing Available

Sewer

Water

348’ +/-

455’ +/-

118’ +/-

Source: Sanford Assessor

Water

Sewer

Site

Water

455’ +/-

118’ +/-

Source: Sanford City Hall and survey.

Natural gas


Site

Seller Land Matters, LLC Legal 74-10-2 & 74-11 Land Area 4.15 +/- acres District Zone I2 (Industrial) Book & Page 3010 & 210, 4303 & 149 Stubbed Utilities Public water, sewer and electric Condo Pad Ready Sites: Building A Pad $150,000 (3,000 +/- SF) Building D Pad $150,000 (3,000 +/- SF) 2,400 SF Units $108,000 5,000 SF Pad $250,000 Flexibility Building and unit sizes can be adjusted to buyer’s requirements. Entire Site Purchase unimproved land with

applicable governmental approvals in place for $350,000.

0 Valley Circle, Rumford, ME 04276 92.5% to long-time tenants

SF NNN Rent LTD LSD 43,750 $76,563 3/30/22 5/1/07

17,250 $67,854 6/30/23 7/1/13 10,393 $57,162 6/30/20 7/1/05

Motion Industries 3,000 $17,400 3/31/22 6/1/09 6,000 $36,000

$254,979 1968 & 1973 9.86 +/- acres 212-027

5360 & 060 $3,187,232

None 4 (5-year) extensions, 10% increase each

1 (5-year) extension @ $6.00 ($62,358) Motion Industries None

Rumford Municipal

Garage


Gross Revenue Current: Net of 6,000 SF vacancy 6.89% Cap Rate Fully leased 8.21% Cap Rate December 2020: Net of 6,000 SF vacancy 7.44% Cap Rate Fully leased 8.76% Cap Rate

Address Valley Circle (212-027) Built 1968 & 1973 Land 9.86 +/- acres Book & Page 5360 & 060

Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Tractor Supply Company (also referred to as TSC) owns and operates 1,772 stores in 49 states supplying basic maintenance products to home, land, pet and animal owners. TSC stores are located primarily in towns outlying major metropolitan mar-kets and in rural communities. Its cus-

tomers include farmers, horse owners, ranchers, part-time and hobby farm-ers, and suburban and rural homeowners, as well as contractors and trades-men. TSC's products include: clothing, equine and pet supplies, tractor/trailer parts and accessories, lawn and garden supplies, sprinkler/irrigation parts, power tools, fencing, welding and pump supplies, riding mowers and more, but not tractors! Tractor Supply Company is a public company trading on the NASDAQ as TSCO. Its fiscal year 2019 revenues reached $8.05 Billion, a 9.15%, increase. Tractor Supply Company has been a tenant since 2013.

Dollar Tree is the leading operator of discount variety stores offering mer-chandise at the fixed price of $1.00. There are 7,103 Dollar Tree stores (39 in Maine) and 8,162 Family Dollar stores for a total of 15,264 nationally and in Canada. Dollar Tree relentlessly adjusts their operations to increase sales and earn-ings by increasing the number of

shopping trips made by its customers. For example, their Snack Zone, highlighting immediate consumption snack offerings in the front of the store, is in place in 1,300 stores now with a goal of 2,000 Snack Zone stores by year end. They continue the roll-out of frozen and refrigerated merchandise to more stores, over 400 in the past year. Additionally, it plans to install adult beverage product in about 1,000 stores in 2019. Dollar Tree is a public company trading on the NASDAQ as DLTR. Its 2018 revenues hit $22.8 Billion, a 2.6% increase. Moody’s and S&P rate it in-vestment-grade. Dollar Tree has been a tenant since 2005.


Marden’s is “one of the country’s most unique retailers. Purveyors of insurance salvages, closeouts, bank-ruptcies, liquidations, and good old fashioned deals.” They sell a range of items including clothing, footwear, household, food, beauty, hardware, flooring and furniture. They state, “Each store is different, think differ-ent merchandise and different deals. Pick a favorite or stop by a few and find smart ways to save more.”

Marden’s is a second-generation family-owned company with 14 locations throughout Maine. The Rumford store dominates its market; nearest Marden’s is 43 miles away. Marden’s is an institution and favored destina-tion for locals and tourists alike from throughout the US and Eastern Cana-da with a constantly changing display of goods. At 43,750 +/- square feet, Marden’s is the lead tenant occupying 54% of the plaza’s 80,393 +/- square feet. They occupy the former Zayre, later Ames Department Store, space. Marden’s has been a tenant since 2007.

Genuine Parts Company operates three companies engaged in the dis-tribution of industrial replacement parts and materials (Motion Indus-tries), automotive replacement parts (NAPA Auto Parts), and busi-ness products (S.P. Richards). Its products and services are offered through a network of over 3,100 op-erations throughout the United States, Canada and worldwide. Mo-

tion Industries offers access to 7.1 million industrial replacement parts and supplies and serves over 200,000 MRO (maintenance, repair & operations) and OEM customers in all types of industries, including food and beverage, forest products, primary metals, pulp and paper, mining, automotive, oil and gas, petrochemical and pharmaceutical; as well as power generation, alter-native energy, government, transportation and others. Genuine Parts Company is a public company trading on the NYSE as GPC. Its 2018 revenues reached $18.7 Billion, a 15% increase. Motion Industries has been a tenant since 2009 and is negotiating a new NNN lease.


Rumford is the economic center of Northern Oxford County. The local economy sports a 4.6% unemployment rate which is forecasted to go even lower with two large multi-national corporations leading the way along with increased tourism and recreational interests. Rumford capital investments planned for the next two years exceed $161 Million with an expected 250+ jobs and another 500 jobs indirectly. ND Paper, LLC (Illinois-based subsidiary of Hong Kong-based Nine Dragons Paper Holdings) purchased the Rumford Mill in 2018 and is investing $110 Million to improve efficiency and capacity. It is the major employer in the region with 650 employees, with another 50 planned hires. ND Paper is the largest con-tainerboard producer in Asia and is a leading paper product manufacturer globally with nine mills and 39 machines globally. ND Paper was honored as the Foreign Direct Investor of the Year Award by the Maine International Trade Center (MITC). Nestle Waters’ Poland Spring Water Co. took an option to purchase 150 acres from the town of Rumford as a prospective site for their fourth bot-tling plant. The planned $60 million bottling plant will employ around 50 workers. It would augment their new load station at Rumford Point. Rumford recently voted to spend $50,000, towards a goal of $200,000, to improve and enlarge the Rumford boat launch along the Androscoggin Riv-er. The improvements will increase water-related uses from kayaking and rafting to fishing for landlocked salmon and trout. Nearby Rumford Falls is a chain of massive drops of the Androscoggin River totaling 176 feet. This new destination will increase traffic and customers to Rumford Plaza, among other retailers in proximity. Increased use of Androscoggin River adds to the four season nature of the

area with nearby Sunday River ski resort in Newry, 23 miles west, leading the way. Sun-day River draws 500,000 guests annually, pri-marily from the Northeast and Eastern Canada. The area’s 8,000+ lodging rooms provide a steady stream of year round vacationers.


This Offering Memorandum provides a summary of unverified information to prospective purchasers. The information herein has been obtained from sources we believe to be reliable; however, the Bean Group has not verified, and will not verify, any of the information contained herein, nor has the Bean Group conducted any investigation and makes no warranty or representation, expressed or implied, regarding the accuracy or completeness of the information provided. All prospective purchasers must conduct their own thorough due diligence investigation. September 20, 2019


Rumford boat launch

Site

Rumford Plaza, Rumford, Maine For Sale 80,393...Marden’s is a second-generation family-owned company with 14 locations throughout Maine. The Rumford store dominates its market; nearest

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