Asking Price
Sq. Footage
NOI Net Operating Income
Cap Rate

Attributes

Year Built 2010
Lease Type NNN
Current / Passing Rent
Lease Expiration 2036-01-31
Remaining Term 15 years, 11 months
Tenant Walgreens Company
Lot Size 1.16 ACRES

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 
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
Licensed in
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
Peter Bauman
Peter Bauman
SVP, Capital Markets
Licensed in
AZ - SA647389000 NV-186153

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