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Gas Station & C-Store - Fairlee, VT 535 Main st 5,400 SF Retail Building Fairlee, VT 05045 $1,360,000 ($251.85/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate guaranteed Absolute Triple Net (NNN) investment with ~19 years remaining on the lease with 2% annual rent escalations.
- Average household income in Fairlee, VT, exceeds $105,000.
- Located near Lake Morey, a popular tourist destination and golf course.
- Well-positioned off of Interstate 91, which sees over 10,000 vehicles per day and runs from New Haven, CT to the Canadian border.
- The average CAP rate of the remaining primary term is 9.02%, with limited gas station competition in Fairlee.
- The tenant is currently partnered with 76, Valero, Exxon, Mobil, Travel Centers of America, TA Express, VP Racing, and Marathon.
EXECUTIVE SUMMARY
We are pleased to exclusively offer for sale the 5,400 SF Gas Station and C-Store located at 535 Main St in Fairlee, VT. This deal includes a corporate guaranteed Absolute Triple Net (NNN) investment with ~19 years remaining on the lease with 2% annual rent escalations, making it a strong and dependable investment.
In Cooperation With ParaSell, Inc. , A Licensed Vermont Broker - Lic. #083.0650387-MAIN BoR: Scott Reid - Lic. VT #083.0650387-MAIN
In Cooperation With ParaSell, Inc. , A Licensed Vermont Broker - Lic. #083.0650387-MAIN BoR: Scott Reid - Lic. VT #083.0650387-MAIN
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,400 SF
Building Class
C
Year Built
2000
Price
$1,360,000
Price Per SF
$251.85
Cap Rate
7.50%
NOI
$102,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.65 AC
Zoning
C - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Gas Station and C-Store
- Retailer
- 5,400 SF
- $18.89
- May 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Gas Station and C-Store | Retailer | 5,400 SF | $18.89 | May 2044 |
PROPERTY TAXES
| Parcel Number | 219-071-10153 | Improvements Assessment | $528,700 |
| Land Assessment | $180,000 | Total Assessment | $708,700 |
PROPERTY TAXES
Parcel Number
219-071-10153
Land Assessment
$180,000
Improvements Assessment
$528,700
Total Assessment
$708,700
CONTACTS
-
Jake
Mahon
-
Zachary
Passman
-
Clifton
McCrory
-
John
Brown
-
Chris
Sands
-
Scott
Reid
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Gas Station & C-Store - Fairlee, VT | 535 Main st
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