514 Farrell St - Drug Store FOR SALE


Burlington, VT 05401
$12,000,000 USD
802-324-0937
514 Farrell St, Burlington, VT for Sale
$12,000,000 USD
Drug Store - FOR SALE
1/4
null | 3.49% Cap Rate

514 Farrell St
Burlington, VT 05401


HIGHLIGHTS

  • High traffic location at lighted intersection
  • Busy retail corridor with access from Route 7 and Interstate 89
  • Multifamily housing, hotel, retail development throughout neighboring area.

OVERVIEW

This is a NNN full loaded leased property to Walgreens with a lease through 1/31/2036. The announcement to close this store will provide the new owner with an opportunity to work on re-tenanting plan while assuming and enjoying the low interest CMBS loan through 12/31/2029. The 15,682 SF first floor is prime retail space located at high traffic, high exposure, lighted intersection. A 10,658 SF second floor office area can be brought to market or redeveloped into high demand residential. Unusual chance to control a key corner on one of areas busiest retail corridors.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$456 USD /SF

CAP RATE

3.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

Commercial 1 -R15

APN/PARCEL ID

(188) 0670-00514

ASK ABOUT THIS PROPERTY

Steve DonahueDonahue & AssociatesMore Info
802-324-0937

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Steve DonahueDonahue & AssociatesMore Info
802-324-0937

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