106 Northside Dr - Restaurant FOR SALE


Bennington, VT 05201
$2,733,333 USD
614-754-1008
106 Northside Dr, Bennington, VT for Sale
$2,733,333 USD
Restaurant - FOR SALE
1/12
null | 6% Cap Rate

106 Northside Dr
Bennington, VT 05201


HIGHLIGHTS

  • Long-Term Lease Stability: 15-year lease with 10% rent increases every 5 years, no early termination rights ensuring reliable income
  • Investment-Grade Tenant: Chipotle (NYSE: CMG) with $65.1B market cap, over 3,500 locations nationwide, proving strong financials and presence
  • Low-Maintenance Ownership: NN lease limits responsibilities to roof & structure; 2024 construction ensures minimal structural expenses
  • Prime Retail Corridor: Located on Northside Drive (VT 7A) with 16,000 VPD, surrounded by top national retailers and new openings
  • Excellent Accessibility: Near U.S. Route 7 & NY Route 279, providing direct access to Albany, NY (49 minutes away)
  • Economic Growth: Low 3.0% unemployment rate, rising median income, and major new developments boosting local economy

OVERVIEW

This property offers a long-term, secure investment with a fresh 15-year lease featuring 10% rent increases every five years, including option periods. With no early termination rights, it ensures reliable financial stability. The lease is structured as NN, limiting landlord responsibilities to the roof and structure, which are supported by a 15-year transferable warranty on the TPO roofing system. Constructed in the fall of 2024 with high-quality materials, the property minimizes maintenance costs while generating income from Chipotle, an investment-grade tenant with a market cap of $65.1 billion and over 3,500 locations nationwide.

FOR SALE DETAILS

PRICE

$2,733,333 USD

PRICE/SF

$1,176 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,873 SF

ZONING

NEC

APN/PARCEL ID

(015)36-51-57-00

ASK ABOUT THIS PROPERTY

Alex Van KrevelPassov Real Estate GroupMore Info
614-754-1008

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Alex Van KrevelPassov Real Estate GroupMore Info
614-754-1008

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