1 Union St - Retail FOR SALE


Brandon, VT 05733 | 
$1,100,000 USD
678-677-9672
1 Union St, Brandon, VT for Sale
$1,100,000 USD
Retail - FOR SALE
1/3
null | 8.36% Cap Rate

1 Union St
Brandon, VT 05733


HIGHLIGHTS

  • Low Rental Basis | Bite-Sized Deal features a low annual base rent that provides a secure, low-basis entry point and significant long-term downside pr
  • 14-Mile Competitive Gap | Only national-brand drugstore in Brandon, with the nearest national competitors located approximately 14 miles away.
  • Corporate Guarantee| Represents a primary contractualobligation of Walgreen Eastern Co., Inc., ensuring institutional-levelaccountabilityand minimal l
  • National Pharmacy Leader | Part of a premier network with 8,000 locations, accessible to 78% of the U.S. population.

OVERVIEW

The investment offers a secure, highly passive income stream with an exceptionally competitive annual base rent of $92,000 ($7,666.66/month), providing an investor with a protected, low-basis entry point. This value is further insulated by a powerful 1.5-mile restrictive covenant, effectively granting the tenant a retail monopoly by preventing the development of competing drugstores on nearby land. Backed by a national pharmacy leader, this property combines the stability of an essential-retail tenant with the long-term upside of a 3% Gross Sales percentage rent clause. With a contractually guaranteed 8.7% rent escalation scheduled for 2035, which increases the monthly rent to $8,333.33, the asset is perfectly positioned to provide both immediate stability and long-term inflationary growth.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

8.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,929 SF

ZONING

-

APN/PARCEL ID

078-024-10199,078-024-11199

ASK ABOUT THIS PROPERTY

Justin PassinoMarcus & MillichapMore Info
678-677-9672

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Justin PassinoMarcus & MillichapMore Info
678-677-9672

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.