Atlantic Capital Partners is pleased to present for
sale the newly constructed Chipotle located at 106
Northside Drive in Bennington, Vermont. This 2,325
SF build-to-suit prototype is scheduled to open
for business in Q4 ’24. The property is strategically
situated at the intersection of Northside Drive
and U.S 7 and sits within a dense retail node that
featuring major national retailers such as Walmart,
Home Depot, Hannaford and more.
The site benefits from excellent visibility and strong
local demographics. Chipotle committed to a newly
casted 15-Year Lease, with four five-year renewal
options. The lease calls for 10% rent escalations every
5-years through the initial term, and at the start of
each option period, with a current annual rent of
$176,000. This investment combines the advantages
of new construction, limited landlord responsibilities,
and a stable, long-term passive income stream.