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4879 Vt Route 15 9,150 SF Retail Building Jeffersonville, VT 05464 $1,207,050 ($131.92/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 9+ years of primary term remain on NN lease (10-year extension Jan 1, 2025) with four, five-year options thereafter
- Tenant is responsible for all real estate taxes, insurance, utilities and maintenance including HVAC (LL responsible for roof - 20-year warranty)
- Affluent trade area with average household income exceeding $102,000 within a three-mile radius
- 3% rental increases annually through the primary term and option periods
- Aubuchon Hardware is the oldest family-owned and operated hardware chain in the United States (founded in 1908) - 119 locations
- The offering is ideal for a buyer in a 1031 exchange seeking a management free asset that offers true passive income
EXECUTIVE SUMMARY
Offered for sale is a net leased Aubuchon Hardware in Jeffersonville, Vermont. Addressed 4879 VT-15, Jeffersonville, Vermont 05464 and consisting of 9,150 square feet on 2.34 acres, the tenant has been in operation at this site for 20+ years and recently extended the lease by 10-years. The offering is a rare opportunity to acquire a net-leased asset backed by a strong corporate guarantee from a proven tenant in a highly coveted New England market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,150 SF
Building Class
C
Year Built
1980
Price
$1,207,050
Price Per SF
$131.92
Cap Rate
6.50%
NOI
$78,458
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.34 AC
Parking
18 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
329’ on Vermont 15
PROPERTY TAXES
| Parcel Number | 123-038-11119 | Improvements Assessment | $294,700 |
| Land Assessment | $165,700 | Total Assessment | $460,400 |
PROPERTY TAXES
Parcel Number
123-038-11119
Land Assessment
$165,700
Improvements Assessment
$294,700
Total Assessment
$460,400
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4879 Vt Route 15
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