4879 Vt Route 15 - Storefront FOR SALE
Jeffersonville, VT 05464 |
$1,207,050 USD
202-777-2005
4879 Vt Route 15
Jeffersonville, VT 05464
HIGHLIGHTS
- 9+ years of primary term remain on NN lease (10-year extension Jan 1, 2025) with four, five-year options thereafter
- 3% rental increases annually through the primary term and option periods
- Tenant is responsible for all real estate taxes, insurance, utilities and maintenance including HVAC (LL responsible for roof - 20-year warranty)
- Aubuchon Hardware is the oldest family-owned and operated hardware chain in the United States (founded in 1908) - 119 locations
- Affluent trade area with average household income exceeding $102,000 within a three-mile radius
- The offering is ideal for a buyer in a 1031 exchange seeking a management free asset that offers true passive income
OVERVIEW
Offered for sale is a net leased Aubuchon Hardware in Jeffersonville, Vermont. Addressed 4879 VT-15, Jeffersonville, Vermont 05464 and consisting of 9,150 square feet on 2.34 acres, the tenant has been in operation at this site for 20+ years and recently extended the lease by 10-years. The offering is a rare opportunity to acquire a net-leased asset backed by a strong corporate guarantee from a proven tenant in a highly coveted New England market.
FOR SALE DETAILS
PRICE
$1,207,050 USD
PRICE/SF
$132 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
2.34 AC
LAND SF
101,930 SF
ZONING
-
APN/PARCEL ID
123-038-11119
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
202-777-2005
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
202-777-2005
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
