2 Carmichael St - Restaurant FOR SALE


Essex Junction, VT 05452
$1,817,000 USD
978-579-4112
2 Carmichael St, Essex Junction, VT for Sale
$1,817,000 USD
Restaurant - FOR SALE
1/6
null | 6.5% Cap Rate

2 Carmichael St
Essex Junction, VT 05452


HIGHLIGHTS

  • Brand New 20-Year Master Lease | Annual Rent Increases
  • Dense Retail Node | Strong Tenant Synergy
  • Proximity to Major Intersections | High Traffic Exposure
  • Affluent Demographics

OVERVIEW

• Dunkin’ operates under a newly executed 20-year master lease, providing long-term income stability • The two-unit, drive-thru-equipped retail building is currently occupied by Dunkin’ and Phoenix Books Essex, with the latter operating as a subtenant • The lease includes annual rent escalations, driving steady NOI growth and serving as a built-in hedge against inflation

FOR SALE DETAILS

PRICE

$1,817,000 USD

PRICE/SF

$794 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunkin' | New 20yr Abs NNN w/ Annual Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

MXDC

APN/PARCEL ID

(067) 2091001-002

ASK ABOUT THIS PROPERTY

Jonathan LapatSRS Real Estate PartnersMore Info
978-579-4112

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

Jonathan LapatSRS Real Estate PartnersMore Info
978-579-4112

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