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.

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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
  • Neighborhood Rumford
  • Zip Code 04276
  • Market Portland ME

Points of Interest

  • Shell

    0.34 miles

  • Citgo

    0.36 miles

  • Shell

    0.77 miles

  • Shell

    2.31 miles

  • Citgo

    2.55 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' Donuts

    0.49 miles

  • Far East Restaurant

    0.65 miles

  • Rumford House of Pizza

    0.67 miles

  • Sam's Italian Food

    1.48 miles

  • McDonald's

    2.59 miles

  • Hannaford

    0.13 miles

  • Red Hill Natural Foods

    0.22 miles

  • Walmart Supercenter

    1.90 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.

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Contact Listing Broker

broker

Taylor Saulnier, CCIM

MANSARD Commercial Properties