Walgreens - Burlington, VT

514 Farrell St Burlington , VT 05401

Walgreens - Burlington, VT - retail for sale

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Overview



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 
General
Property type Retail
Tenure type Sale/Purchase
Property address 514 Farrell St, Burlington, VT 05401-6907
Land in acres 1.16
Building size 22,527  ft2
Year built 2010
Financial
Price $11,000,000
Cap rate 6.10%
Current NOI $671,000.00
Lease
Tenant's name Walgreens Company
Lease type NNN
Annual rent $671,000.00
Lease expiration date 01/31/2036
Remaining term 16.4Yrs

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