108 Northside Dr - Auto Dealership FOR SALE


Bennington, VT 05201
$2,816,000 USD
508-272-0585
108 Northside Dr, Bennington, VT for Sale
$2,816,000 USD
Auto Dealership - FOR SALE
1/3
null | 6.25% Cap Rate

108 Northside Dr
Bennington, VT 05201


OVERVIEW

Atlantic Capital Partners is pleased to present for sale the newly constructed Starbucks located at 108 Northside Drive in Bennington, Vermont. This 2,400 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 features national retailers such as Walmart, Ocean State Job Lot, Hannaford, and Home Depot. The site benefits from excellent visibility and strong local demographics. Starbucks committed to a newly casted 10-Year Lease, with four five-year renewal options. The lease includes 10% rent escalations 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

$2,816,000 USD

PRICE/SF

$469 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Planned Commercial

APN/PARCEL ID

(015)36-51-57-00

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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