106 Northside Dr - Restaurant FOR SALE


Bennington, VT 05201
$3,037,000 USD
617-239-3600
106 Northside Dr, Bennington, VT for Sale
$3,037,000 USD
Restaurant - FOR SALE
1/4
null | 5.4% Cap Rate

106 Northside Dr
Bennington, VT 05201


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,037,000 USD

PRICE/SF

$1,306 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,873 SF

ZONING

NEC

APN/PARCEL ID

(015)36-51-57-00

ASK ABOUT THIS PROPERTY

Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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