352 River St - Freestanding FOR SALE


Montpelier, VT 05602
$6,352,000 USD
415-307-8489
352 River St, Montpelier, VT for Sale
$6,352,000 USD
Freestanding - FOR SALE
1/2
null | 6.25% Cap Rate

352 River St
Montpelier, VT 05602


HIGHLIGHTS

  • 99th Percentile in site visits nationwide for all TSC locations (#15 out of 2,306)
  • Rarely seen 10% rental increases in option periods
  • Dominant retail corridor with numerous other retail locations having best in class performance, per placerAI

OVERVIEW

*$6,352,000 | 6.25% Cap Rate *Rarely seen 10% rent bumps in each option period *#15 of 2,306 TSC locations | 99th percentile nationally for site visits *Dominant Retail Corridor with numerous other retail locations with ranking in top 85th percentile+ for site visits *22,620 SF building on 5.02 acres | Built 2006 *NN Lease — Landlord responsible for roof, parking lot, and insurance only *Lease term through September 30, 2035 with four 5-year options *Sole TSC serving a 30-mile trade radius *4 minutes to I-89 | Route 302 frontage with 18,500 VPD *Average HHI over $100K throughout trade area

FOR SALE DETAILS

PRICE

$6,352,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.02 AC

LAND SF

218,671 SF

ZONING

GB

APN/PARCEL ID

405-126-10679

ASK ABOUT THIS PROPERTY

Jamie HarrisonTouchstone Commercial Partners, Inc.More Info
415-307-8489

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Jamie HarrisonTouchstone Commercial Partners, Inc.More Info
415-307-8489

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