The Shops at Scarborough Gallery
Three Retail Pads adjacent to Strong Performing Walmart Anchored Center in New England
Marketing description
JLL Capital Markets is pleased to exclusively offer for sale The Shops at Scarborough Gallery, a +/- 13,725 SF retail property located in Scarborough, Maine, just 6 miles south of Portland. The Property consists of 3 outparcels adjacent to a high-performing, +/- 500,000 SF Walmart shadow anchored center, featuring a strong lineup of credit retailers, including Lowe’s, HomeGoods, and Marshalls. Seeing 1.3M visits annually via Placer.ai data, The Shops at Scarborough Gallery is the #3 most visited strip center in Maine. The Shops at Scarborough Gallery is 100% leased to national QSR and service oriented retailers, including a drive-thru KFC/ Taco Bell, US Cellular, and Sally Beauty. In addition, KFC/Taco Bell is on a Ground Lease, and the Tenant is responsible for maintaining the building including their roof and structure. Situated at the I-95 and I-295 interchange, the Property boasts excellent access and visibility from embedded consumer demand. The Shops at Scarborough Gallery offers investors a unique opportunity to acquire a high-visibility property in one of Maine’s most compelling submarkets.
Investment highlights
- #3 Most Visited Strip-Center out of 40 in Maine, seeing 1.3M annual visits (via Placer.ai)
- Three Outparcels with a specialty-oriented, E-Commerce resistant tenant lineup
- Highly visible, busy location situated in the heart of the region’s retail trade area
- Strong demographics with 95,000 people living within 5 miles and average household incomes exceeding $90,000. Scarborough sees a daytime population of over 200,000
- Shadow Anchors drive exceptional traffic to the site – including the #1 visited Walmart in a 15-mile radius seeing 2.6M annual visits, and the #1 visited Marshalls in Maine seeing over 700K annual visits
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