66 Morrisville Plz - Department Store FOR SALE


Morrisville, VT 05661
$12,000,000 USD
860-649-4800
66 Morrisville Plz, Morrisville, VT for Sale
$12,000,000 USD
Department Store - FOR SALE
1/13
null | Request Cap Rate

66 Morrisville Plz
Morrisville, VT 05661


HIGHLIGHTS

  • 100% Occupancy - Retail Plaza with 10 tenants containing 104,380 square feet. Shadow to busy Price Chopper Supermarket,
  • Seven (7) tenants are National or Regional Credit Tenants including McDonalds, Kinney Drug, TD Bank, M&T Bank, Marshalls, Big Lots & Dollar Tree.
  • Four (4) Free Standing Tenants, modifed NNN Leases with tenants paying everything but Structural.
  • IN-PLACE Cap Rate of 7.56% with scheduled increases to achieve $1M NOI by 2028.
  • Strategically located +/- 6 miles north of Stowe in the commercial/business center of Lamoille County Vermont.
  • Priced substantially below replacemnt cost at less than $115 per square foot.

OVERVIEW

Investment Opportunity. Retail Plaza containing 104,380 square feet. 100% Occupied by ten (10) tenants, seven of which are national or regional credit tenants that include McDonalds, Kinney Drug, TD Bank, M&T Bank, Marshalls, Big Lots & Dollar Tree, Main Plaza contains +/- 70,000 square feet. Four individual free standing buildings that are modifed NNN leases with tenant responsible for all cost but structural. In-place cap of 7.56% with scheulded increases to achieve over $1M in NOI by 2028. Shadow to busy Price Chopper Supermarket. Situated in the commercial/business center of Lamoille County Vermont - 6 miles north of Stowe. Stowe Airport located 3 miles from the property. Additional retailers in the immediate area of Morrisville Plaza include Hannaford Supermarket, CVS, Aubuchon Hardware, O'Reilly Auto Parts, Ace Hardware, Tractor Suplly, Dunkin Donuts and more. Call or email Tom Boyle at 860-649-4800 or tboyle@chozickrealty.com for futher information.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Bank, Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.56 AC

LAND SF

329,314 SF

ZONING

-

APN/PARCEL ID

414-129-11755

ASK ABOUT THIS PROPERTY

Thomas BoyleChozick Realty Inc.More Info
860-649-4800

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Thomas BoyleChozick Realty Inc.More Info
860-649-4800

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