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352 River St 22,620 SF Retail Building Montpelier, VT 05602 $6,352,000 ($280.81/SF) 6.25% Cap Rate
Investment Highlights
- 99th Percentile in site visits nationwide for all TSC locations (#15 out of 2,306)
- Dominant retail corridor with numerous other retail locations having best in class performance, per placerAI
- Rarely seen 10% rental increases in option periods
Executive Summary
*$6,352,000 | 6.25% Cap Rate
*Rarely seen 10% rent bumps in each option period
*#15 of 2,306 TSC locations | 99th percentile nationally for site visits
*Dominant Retail Corridor with numerous other retail locations with ranking in top 85th percentile+ for site visits
*22,620 SF building on 5.02 acres | Built 2006
*NN Lease — Landlord responsible for roof, parking lot, and insurance only
*Lease term through September 30, 2035 with four 5-year options
*Sole TSC serving a 30-mile trade radius
*4 minutes to I-89 | Route 302 frontage with 18,500 VPD
*Average HHI over $100K throughout trade area
*Rarely seen 10% rent bumps in each option period
*#15 of 2,306 TSC locations | 99th percentile nationally for site visits
*Dominant Retail Corridor with numerous other retail locations with ranking in top 85th percentile+ for site visits
*22,620 SF building on 5.02 acres | Built 2006
*NN Lease — Landlord responsible for roof, parking lot, and insurance only
*Lease term through September 30, 2035 with four 5-year options
*Sole TSC serving a 30-mile trade radius
*4 minutes to I-89 | Route 302 frontage with 18,500 VPD
*Average HHI over $100K throughout trade area
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,620 SF
Year Built
2006
Price
$6,352,000
Price Per SF
$280.81
Cap Rate
6.25%
NOI
$396,984
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
5.02 AC
Zoning
GB
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 405-126-10679 | Improvements Assessment | $3,251,600 |
| Land Assessment | $940,400 | Total Assessment | $4,192,000 |
Property Taxes
Parcel Number
405-126-10679
Land Assessment
$940,400
Improvements Assessment
$3,251,600
Total Assessment
$4,192,000
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352 River St
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