2729 N Main St - Fast Food FOR SALE


Rutland, VT 05701
$2,209,091 USD
332-345-4222
2729 N Main St, Rutland, VT for Sale
$2,209,091 USD
Fast Food - FOR SALE
1/2
null | 5.5% Cap Rate

2729 N Main St
Rutland, VT 05701


HIGHLIGHTS

  • Long-Term, Absolute Triple Net Lease
  • Strong Franchisee Guarantee
  • Strong Unit Level Economics

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Burger King located at 2729 N Main St, Rutland, VT 05701. The site consists of roughly 4,599 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 1/1/2023. The current annual rent is $121,500 and has scheduled increases of variable.

FOR SALE DETAILS

PRICE

$2,209,091 USD

PRICE/SF

$480 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

M

APN/PARCEL ID

540-170-20064

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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