Rent-A-Center & Aubuchon Hardware

65 Falmouth Street, Rumford, ME 04276

  • For Sale $1,132,573
  • Property Type Retail - Freestanding
  • Property Size 15,580 SF
  • Lot Size 1.32 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Jul 21, 2024
Located across from Hannaford Supermarket with strong visibility along Rt 2. Rumford is located in a regional retail market servicing the rural communities north of Portland.MANSARD is pleased to present 65 Falmouth Street, a 100% leased investment that features two long term creditworthy tenants. Rent-A-Center (2,100 Locations) & Aubuchon Hardware (110 Locations) have both occupied this site for 20+ years, demonstrating their dedication to the location. Rent-A-Center has executed 4 options to renew since their lease commenced in May 2002, with one 5 year option remaining. Aubuchon Hardware has also shown dedication to this location for over 20 years. Aubuchon chose to exercise their last 5-year option ahead of schedule, extending their lease from January 1, 2028, to December 31, 2032. This beneficial early extension of their lease included 5 additional 5-year renewal options with scheduled annual increases, demonstrating their long-term commitment to the site. Aubuchons options periods would provide potential rent through 2052.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • $84,943 NOI - 100% Leased to Rent A Center & Aubuchon Hardware
  • Secure Rental Income from Two Top Tier Tenants Both with 20+ Years of Tenancy Onsite
  • RAC Lease Runs through 6/2027 with a 5 Year Option thru 2032 @ a 15% Rent Increase
  • Aubuchon Lease Runs through 12/2032 with Five, 5 Year Options to Renew @ 2% Annual Increases
  • Both Tenants Benefit from Low Rent, Long Term Established Location and Limited Area Competition
  • Minimal Landlord Responsibilities. Brand New Parking lot in 2019 ($62,000)

Contacts

broker

Taylor Saulnier, CCIM

MANSARD Commercial Properties

Location

Getting Around

  • Walk Score ®

    69/100 Somewhat Walkable

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Rumford, ME
  • Zip Code 04276
  • Market Portland ME

Points of Interest

  • Shell

    0.34 miles

  • Citgo

    0.36 miles

  • Ellis

    4.77 miles

  • Gatch's

    0.16 miles

  • Deluxe Diner

    0.18 miles

  • Dick's Restaurant

    0.29 miles

  • Subway

    0.45 miles

  • Frosty Delite

    0.47 miles

  • Dunkin'

    0.49 miles

  • The Lure

    0.58 miles

  • Far East Restaurant

    0.65 miles

  • Rumford House of Pizza

    0.67 miles

  • Sam's Italian Food

    1.48 miles

  • Hannaford

    0.13 miles

  • Red Hill Natural Foods

    0.22 miles

  • Walmart Supercenter

    1.90 miles

  • Marden's

    2.33 miles

  • River Valley Crossing

    2.37 miles

Frequently Asked Questions

How much does Rent-A-Center & Aubuchon Hardware cost?

The space currently listed for sale at Rent-A-Center & Aubuchon Hardware asks for $1,132,573.

What is the total square footage of Rent-A-Center & Aubuchon Hardware?

Rent-A-Center & Aubuchon Hardware totals 15,580 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Taylor Saulnier, CCIM

MANSARD Commercial Properties