2729 Main St, Rutland, VT 05701
3,454 SF | 100% Leased | Retail Building | Rutland, VT 05701 | $2,359,223 ($683/SF) | 5.15% Cap Rate
For Sale
Active
Asking Price $2,359,223
- Property Type
-
Retail
- Square Feet
- 3,454 SF
- Price / Square Foot
- $683
Listing Contacts
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 2729 North Main Street, Rutland VT. The site consists of roughly 4,599 rentable square feet of building space on estimated 1.15-acre parcel of land. This investment opportunity is subject to an existing 20 Year (NNN) lease term with zero landlord responsibilities. The lease commenced on 1/1/2023 and is subject to four (4), five (5) year tenant renewal options. The current annual rent is $121,500 and is scheduled to increase throughout the lease term and continuing throughout the base term and option periods.
Property Details
- Class
- C
- Year Built/Renovated
- 1977/2024
- Stories
- 1
- Lot Size (sq. ft)
- 50,094 SF
Highlights
- Store was Recently Renovated & Updated to Increase Drive-Thru Capacity
- New Extended Lease By Tenant Shows Commitment to Location
- Existing Twenty (20) Year Lease Term
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