Walgreens - Burlington, VT

Asset Type

Retail

Address
514 Farrell St Burlington, VT United States 05401-6907
Asking Price

S$15,070,000

Sq Footage

22,527

Year Built

2010

Cap Rate

6.10%

Additional Attributes
Current / Passing Rent S$919,300
Lease Expiration 2036-01-31
Lease Type NNN
Options 50, 1 -Year Options
Tenant Walgreens Company

Property Description

Freestanding Walgreens store for sale located just along the border of Vermont and New York, a high-visibility area. Situated just about a quarter of a mile from I-189 and within Burlington’s South End retail district. 

Investment Highlights

  • Fee simple interest
  • Includes an absolute NNN lease with approximately 17.5 years of primary term remaining
  • No nearby competition with other free-standing national pharmacies 
  • Adjacent to multifamily and seniors housing developments
  • Dense demographics with 30% of the population making over $100,000 within a 1-mile radius 
Listing Contacts
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
+65 3159 4021
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
Peter Bauman
Peter Bauman
SVP, Capital Markets
+65 3159 4021
AZ - SA647389000 NV-186153
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