1548 North Ave - Retail FOR SALE
Burlington, VT 05408 |
$1,015,000 USD
781-862-9700
1548 North Ave
Burlington, VT 05408
HIGHLIGHTS
- Long-standing Domino's Pizza location with decades of operating history. For Sale at $1,015,000 with a $66,000/yr NOI which represents a 6.5% Cap Rate
- Infill Burlington real estate within one of Vermont's strongest retail and residential markets.
- Freestanding net-leased quick-service restaurant asset on a standalone parcel.
- Established neighborhood-serving location with convenient access to surrounding residential communities.
- High barrier-to-entry site supported by existing improvements and long-term use as a quick-service restaurant.
- Rare Burlington investment opportunity in a market with limited supply of freestanding net-leased retail assets.
OVERVIEW
Opportunity to purchase this Domino’s NNN leased investment property located at 1548 North Ave in Burlington, VT. A multi-unit franchisee currently operates this Domino’s. The lease currently has just under 10 years remaining with an expiration date of June 30, 2036, plus two (2) five (5) year renewal options. The lease is personally guaranteed by the owner of ESP Pizza LLC. Broker of Record: Brian Brockman - Broker; License #: 81.0134052; Bang Realty-New England Inc; bor@bangrealty.com; 513-898-1551.
FOR SALE DETAILS
PRICE
$1,015,000 USD
PRICE/SF
$710 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.3 AC
LAND SF
13,068 SF
ZONING
RC
APN/PARCEL ID
(035) 024-2-034-000
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781-862-9700
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781-862-9700
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