15 Pinecrest Dr - Day Care Center FOR SALE


Essex Junction, VT 05452
$3,333,333 USD
781-776-4012
15 Pinecrest Dr, Essex Junction, VT for Sale
$3,333,333 USD
Day Care Center - FOR SALE
1/6
null | 7.5% Cap Rate

15 Pinecrest Dr
Essex Junction, VT 05452


HIGHLIGHTS

  • Attractive Rent Increases
  • Dynamic Tenant
  • Zero Management Responsibilities
  • Durable Tenancy
  • High Traffic Counts
  • Long Term Lease

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Bounce ABA Preschool located at 15 Pinecrest Drive in Essex Junction, Vermont (the “Property”). This is a sale-leaseback of a free-standing 6,380 square foot building on a 0.69-acre parcel of land. Bounce ABA Preschool will sign a new 15-year Absolute NNN Lease, with three (3), 5-year renewal options upon the close of escrow. The lease calls for attractive 1.5% annual rent increases throughout the base term and each of the renewal options. The Property enjoys a strategic location on Pinecrest Drive, just moments from Susie Wilson Road and Pearl Street (VT Route 15), two of Essex Junction’s most heavily traveled commercial and commuter routes. Situated within a vibrant retail and employment corridor, the Property benefits from proximity to major national retailers such as Lowe’s, Walgreens, and Starbucks, along with a diverse mix of local businesses, restaurants, and service providers. The surrounding area is further strengthened by a significant industrial presence, including the nearby Global Foundries and Keurig Green Mountain campuses, which serve as a major employment driver and contribute to consistent consumer activity. The Property is also approximately two miles from Saint Michael’s College and the Fanny Allen campus of the University of Vermont Medical Center, while nearby residential neighborhoods provide a stable and recurring customer base. Excellent access to VT Routes 15, 2A, 117, and 289, as well as US Route 2 and Interstate 89, provides seamless connectivity throughout the Burlington metropolitan area and surrounding communities. Essex Junction is a vibrant and growing community located in northwestern Vermont, approximately seven miles east of downtown Burlington. Historically a railroad hub and industrial center, Essex Junction has evolved into one of the region’s most desirable residential and employment destinations while maintaining its small-town character.

FOR SALE DETAILS

PRICE

$3,333,333 USD

PRICE/SF

$529 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bounce Preschool

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

(067) 2069005-000

ASK ABOUT THIS PROPERTY

Aaron HuntleyHorvath & TremblayMore Info
781-776-4012

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Aaron HuntleyHorvath & TremblayMore Info
781-776-4012

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