Aspen Dental, AT&T, Miracle Ear, & Sports Clips
Rutland, VT
Key Details
| Price: | $3,535,000 |
|---|---|
| Cap Rate: | 7.36% |
| Annual Rent: | $260,304 |
| Address: | 474 Holiday Drive, Rutland, Vermont 05701 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Lot Size: | 0.86 Acres |
|---|---|
| Building Size: | 8,293 SF |
| Year Built: | 2009 |
NNN Pro is pleased to present the exclusive listing for a Strip Center located at 474 Holiday Drive, Rutland, VT 05701. The site consists of roughly 8,293 rentable square feet of building space on an estimated 0.86-acre parcel of land. The current annual rent is $259,821 and has a weighted average lease term of 3.2 years.
About the Investment
- Across the Street from New Walmart Development | The former Diamond Run Mall is being redeveloped into a new Walmart Supercenter, adjacent from the subject property, with expected completion by 2027.
- NNN Leases | All four tenants are on NNN leases, providing ease of management and minimal landlord responsibilities.
- New HVAC Units | The current landlord recently installed 3 out of 4 new HVAC units on the subject property.
- Solid Tenant Mix | National Tenants make up 87% of the property.
Key Details
| Price: | $3,535,000 |
|---|---|
| Cap Rate: | 7.36% |
| Annual Rent: | $260,304 |
| Address: | 474 Holiday Drive, Rutland, Vermont 05701 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Lot Size: | 0.86 Acres |
|---|---|
| Building Size: | 8,293 SF |
| Year Built: | 2009 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: 81.0134052
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.