417 Payne Road
This property consists of a single 58,360sf supermarket building substantially rehabbed and re-opened by Scarborough-based Hannaford in 2023. Hannaford has the statewide market share leader in grocery.
The property is located in northern Scarborough, part of the Maine Mall retail area, the largest concentration of retailing in the state. The Maine Mall is anchored by Penney’s, Jordan’s Furniture, H&M, Best Buy and Macy’s, with tenants including Apple, Svarovski Jewelers, lululemon, Build-A-Bear and similar tenants. Area retailers to the more immediate north include Walmart, Sam’s Club, Target, Home Depot, Marshalls and HomeGoods. To the south are Cabela’s, Hannaford’s previously-existing Scarborough store and Costco’s first store in the state.
This property is 100% leased.
| 5 Min | 10 Min | 15 Min | |
|---|---|---|---|
| Est. Population 2023 | 1,384 | 24,204 | 117,904 |
| Growth (2020-2023) | 10.99% | 4.04% | 1.96% |
| Projected Growth (2023-2028) | 11.42% | 5.90% | 3.24% |
| Est. 2023 Average Household Income | $129,954 | $105,017 | $103,898 |
| Est. 2023 Median Household Income | $101,867 | $80,145 | $76,598 |