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65-79 Topsham Fair Mall Rd 85,029 SF 100% Leased Retail Building Topsham, ME 04086 $15,410,115 CAD ($181.23 CAD/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • The Asset
  • Prime Retail Location
  • Residential Development
  • Operating Expense Location
  • Area Drivers
  • Significant Area Employers

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the Topsham Fair Mall II, which is comprised of a multi-tenant retail center located at 65-79 Topsham Fair Mall Road in Topsham, Maine (the “Property”). Located in the heart of Topsham’s commercial district, the mall was constructed in 1986 and has been well maintained and renovated over the years. The Topsham Fair Mall consists of 85,029 square feet on 7.54-acres of land. The Property is 100% leased to six (6) tenants and is anchored by Reny’s, Smitty’s Cinema, and New England Fitness, with the remainder of the space leased to local and regional retailers and service tenants that cater to the needs of the area residents. The Topsham Fair Mall II offers a stable and secure asset with established tenants and long-term leases that feature scheduled rent increases and expense reimbursements. The Topsham Fair Mall area is mid-coast Maine’s largest retail concentration, located immediately adjacent to the exit 31 interchange with Route 196 (Lewiston Road), known as the ‘Coastal Connector’, which carries one of the highest traffic volumes in Maine and is the primary regional artery connecting to Route 1 and the Maine Coast for both regional workers and seasonal residents and tourists. The Topsham Fair Mall is part of an overall retail and commercial development comprising approximately 850,000 square feet. The entire development is 100% occupied, there having been no vacancies (apart from the recent JoAnn’s bankruptcy-caused closure, now replaced by The Furniture Gallery) in the entire Mall area for several years. The Property is surrounded by national retailers including Target, Home Depot, Dick’s, Petco, Hannaford’s and a newer 81,000 square foot Market Basket (two major supermarkets doing well-over a combined $125 million in sales) that drive traffic to the area and is convenient to Topsham and Brunswick’s residential neighborhoods and schools providing a built-in customer base. These are Target, Home Depot, Market Basket, Dicks’s and Petco’s only locations in the entire mid-coast region. Additionally, Smitty’s Cinema is the sole multi-screen theater in the region. All of the ‘regional’ and the majority of the ‘local’ customers destined for these major ‘big box’ stores must pass by the Property both coming and going, affording exceptional exposure and accessibility. The Topsham Fair Mall is seconds from Interstate 295, 1-mile from US Route 201, 2-miles from US Route 1, and 2.8-miles from Bowdoin College.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
85,029 SF
Building Class
B
Year Built
1987
Price
$15,410,115 CAD
Price Per SF
$181.23 CAD
Cap Rate
7.50%
NOI
$1,155,759 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
7.54 AC
Zoning
MUC

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

In 1949, Robert H. Reny (better known to all as “R.H.”) opened his first store in Damariscotta, Maine. The first winter was so slow that in order to keep the store open, R.H. had to go door to door around the area selling merchandise out of his old Hudson. That winter he made so many friends that in the spring his new friends came in to shop at the store and the business has been growing ever since! His philosophy was simple – make great buys of quality merchandise and pass these incredible values along at the lowest possible price to our customers! This philosophy has driven our successful business for over 68 years!

  • Information
  • -
  • -
  • -

Great! You’re going to the movies, but now you’re faced with that unpleasant decision: Eat before the movie or after the movie? Will you finish dinner in time for the movie? Will you starve during the movie if you wait? Smitty’s Cinema removes the stress of planning two events in one night by combining them into one fun and highly entertaining event! Theaters open one hour before show time, so show up early to get some great seats and good eats!

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -
Information - - -

NEARBY MAJOR RETAILERS

Hannaford
Norway Savings Bank
Camden National Bank
Starbucks
Ninety Nine Restaurant & Pub
Buffalo Wild Wings
Market Basket
Toyota

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
TOPM-000005B-000000-000009R
Land Assessment
$2,408,028 CAD
Improvements Assessment
$3,095,310 CAD
Total Assessment
$5,503,338 CAD
  • Listing ID: 37691664

  • Date on Market: 2025-09-16

  • Last Updated:

  • Address: 65-79 Topsham Fair Mall Rd, Topsham, ME 04086

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