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Dunkin' | New 20yr Abs NNN w/ Incrs 157 Vt Route 15 W 2,500 SF Retail Building Morrisville, VT 05661 $2,567,000 ($1,026.80/SF) 6% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Scheduled 10% Rent Increases
- Dense Retail Corridor
- Excellent Visibility
- Strong Store Performance | Affluent Population
Executive Summary
- The property is supported by a brand-new 20-year lease, featuring three (3) five-year renewal options
- The lease includes scheduled 10% rent escalations every 5 years, driving steady NOI growth and serving as a built-in hedge against inflation
- The lease includes scheduled 10% rent escalations every 5 years, driving steady NOI growth and serving as a built-in hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
1996
Price
$2,567,000
Price Per SF
$1,026.80
Cap Rate
6%
NOI
$154,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
COM - Commercial
Parking
29 Spaces (11.6 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Dunkin' began as a donut-and-coffee shop in Quincy, Massachusetts, where Bill Rosenberg opened Open Kettle before renaming the business Dunkin' Donuts in 1950. The company has grown into an American quick-service restaurant chain focused on coffee, espresso drinks, donuts, baked goods, breakfast sandwiches, and other beverages, with a broad franchise-based footprint in the United States and international markets. Dunkin' offers mobile ordering, delivery, and a rewards program through the app and loyalty platform. The brand is now part of Inspire Brands and continues to operate under the Dunkin' name across a wide network of restaurants.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Contacts
-
Jonathan Lapat -
Matthew Mousavi -
Patrick Luther -
Jake Prater -
SRS Real Estate Partners
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