108 Northside Dr - Freestanding FOR SALE


Bennington, VT 05201
$2,816,000 USD
614-754-1008
108 Northside Dr, Bennington, VT for Sale
$2,816,000 USD
Freestanding - FOR SALE
1/9
null | 6.25% Cap Rate

108 Northside Dr
Bennington, VT 05201


HIGHLIGHTS

  • Long-Term Lease Stability: 10-year lease with 10% rent increases every 5 years, no early termination rights ensuring reliable income.
  • Investment-Grade Tenant: Starbucks (NASDAQ: SBUX) with $111.7B market cap, 15,000+ locations, BBB+ credit rating showing financial strength.
  • Low-Maintenance Ownership: NN lease limits responsibilities to roof & structure; 2024 construction minimizes structural expenses.
  • Prime Retail Corridor: Located on Northside Drive (VT 7A), surrounded by top national retailers and new openings driving consumer traffic.
  • Excellent Accessibility: Adjacent to McDonald’s, near U.S. Route 7 & NY Route 279, 49 minutes from Albany, NY.
  • Economic Growth: 3.0% unemployment rate, rising median income, and major new developments boosting local economy.

OVERVIEW

This investment opportunity features a brand-new Starbucks with a fresh 10-year lease, offering 10% rent increases every five years, including option periods. The lease is structured as NN, limiting landlord responsibilities to the roof and structure, reducing maintenance demands. Starbucks, an investment-grade tenant with a market cap of $111.7 billion and a BBB+ S&P credit rating, ensures reliable long-term income. The property is built with high-quality materials, including a TPO roofing system with a 15-year transferrable warranty, minimizing potential expenses. With no early termination rights, the asset provides financial stability for investors.

FOR SALE DETAILS

PRICE

$2,816,000 USD

PRICE/SF

$1,173 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

PC

APN/PARCEL ID

(015)36-51-57-00

ASK ABOUT THIS PROPERTY

Alex Van KrevelPassov Real Estate GroupMore Info
614-754-1008

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Alex Van KrevelPassov Real Estate GroupMore Info
614-754-1008

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