535 Main st - Convenience Store FOR SALE
Fairlee, VT 05045 |
$1,360,000 USD
843-517-8165
535 Main st
Fairlee, VT 05045
HIGHLIGHTS
- Corporate guaranteed Absolute Triple Net (NNN) investment with ~19 years remaining on the lease with 2% annual rent escalations.
- Well-positioned off of Interstate 91, which sees over 10,000 vehicles per day and runs from New Haven, CT to the Canadian border.
- Average household income in Fairlee, VT, exceeds $105,000.
- The average CAP rate of the remaining primary term is 9.02%, with limited gas station competition in Fairlee.
- Located near Lake Morey, a popular tourist destination and golf course.
- The tenant is currently partnered with 76, Valero, Exxon, Mobil, Travel Centers of America, TA Express, VP Racing, and Marathon.
OVERVIEW
We are pleased to exclusively offer for sale the 5,400 SF Gas Station and C-Store located at 535 Main St in Fairlee, VT. This deal includes a corporate guaranteed Absolute Triple Net (NNN) investment with ~19 years remaining on the lease with 2% annual rent escalations, making it a strong and dependable investment.
In Cooperation With ParaSell, Inc. , A Licensed Vermont Broker - Lic. #083.0650387-MAIN BoR: Scott Reid - Lic. VT #083.0650387-MAIN
FOR SALE DETAILS
PRICE
$1,360,000 USD
PRICE/SF
$252 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Gas Station & C-Store - Fairlee, VT
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,314 SF
ZONING
C
APN/PARCEL ID
219-071-10153
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
843-517-8165
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
843-517-8165
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
