18 Lower Mountain View Dr - Restaurant FOR SALE


Colchester, VT 05446
$4,589,000 USD
949-939-4833
18 Lower Mountain View Dr, Colchester, VT for Sale
$4,589,000 USD
Restaurant - FOR SALE
1/7
null | 6% Cap Rate

18 Lower Mountain View Dr
Colchester, VT 05446


HIGHLIGHTS

  • $275,343 in current NOI across four tenants, all NNN, with tenants reimbursing their pro-rata share of taxes, insurance, and CAM
  • 10% increases every five years through the initial terms and each option period, plus renewal options remaining across the strip
  • Starbucks Corporation and Eastrise Federal Credit Union on corporate leases
  • Starbukcs, which recently waived it's termination option, alongside Great Clips, the largest salon brand in North America
  • Signalized hard-corner at Roosevelt Highway / US-7 (23,000+ VPD) and Lower Mountain View Drive, with direct Interstate 89 access (39,000+ VPD)
  • Outparcel to Hampton Inn and anchored by Vermont's only Costco Wholesale (53,000 residents and average household incomes exceeding $108,933 within fiv

OVERVIEW

Blue West Capital is pleased to offer the fee simple ownership in Shops at Colchester, a 2019-built, 6,380 SF multi-tenant strip that is 100% leased to Starbucks, Verizon, Great Clips, and Eastrise Federal Credit Union. All four tenants are on triple-net (NNN) leases with 10% rental increases every five years and renewal options remaining, producing $275,343 in current NOI with built-in growth and limited landlord responsibility. Two of the four leases are corporate-backed: Starbucks (NASDAQ: SBUX, S&P: BBB+) and Eastrise Federal Credit Union.

FOR SALE DETAILS

PRICE

$4,589,000 USD

PRICE/SF

$717 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Colchester

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

COM

APN/PARCEL ID

(048) 01-0210030000000

ASK ABOUT THIS PROPERTY

Brian WolfmanBlue West Capital, LLC.More Info
949-939-4833

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Brian WolfmanBlue West Capital, LLC.More Info
949-939-4833

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