56-72 Commons Dr | Derby, VT 05829
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56-72 Commons Dr
Derby, VT 05829
Grocery Anchored Retail Center -Price Chopper · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Grocery Anchored Shopping Center: Privately-owned and operated Price Chopper anchored shopping center, currently 91.3% leased to 4 service retailers
- Exceptionally Attractive Basis: The Property is expected to trade at a significant discount to replacement cost
- Strategically situated at a signalized intersection along Rt. 5 and just off of I-91, benefiting from regional traffic as well as vistors to nearby am
- Price Chopper opened this store in 2006 and have term through June 2031 (plus extensions), solidifying themselves as the Property's anchor tenant
- Below market in-place rents and current vacancy offers investors the opportunity to generate significant NOI growth through programmatic leasing
PROPERTY FACTS
Property Type
Building Size
76,420 SF
Building Class
B
Year Built
2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
21.91 AC
Zoning
Commercial
Parking
432 Spaces (5.65 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 177-056-12739 | Improvements Assessment | $5,510,300 |
| Land Assessment | $1,426,700 | Total Assessment | $6,937,000 |
PROPERTY TAXES
Parcel Number
177-056-12739
Land Assessment
$1,426,700
Improvements Assessment
$5,510,300
Total Assessment
$6,937,000
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