M&T Bank | 19 Morrisville Plz
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
M&T Bank 19 Morrisville Plz
104,380 SF 100% Leased Retail Building Morristown, VT 05661 $12,000,000 ($115/SF) 7.56% Cap Rate
Investment Highlights
- Fully Occupied 104,380 SF Shopping Center. Ten Total Tenants - Majority of Tenants are National or Regional Credit Tenants.
- Strategically situated in the "Busines Center" of Lamoille County Vermont - 7 Miles north of Stowe, VT - The "Ski Capital of the East Coast".
- 76,417 SF Main Plaza includes Big Lots, Marshalls, Dollar Tree, Lamoille Health, Green Mountain Holistic Healing and House of Davy Gormet Foods
- Shadow to adjcent Price Chopper Supermarket
- Four long term tenants in free standing buildings include McDonalds, Kinney Drug, TD Bank and M&T Bank, all of which are modifed NNN leases.
- Project NOI for 2028 to exceed $1,000,000. Priced well below replacement cost at less than $115 per SF.
Executive Summary
Vibrant 104,380 sq. ft. Shopping Center adjacent to modern Price Chopper grocery store. Situated in the commercial hub of Lamoille County Vermont, approximately 7 miles north of Stowe, VT. Ten Tenants - 100% current occupancy with substantial long term National & Regional Credit Tenant Base. Four Free Standing Buildings include McDonalds, Kinney Drug, TD Bank and M&T Bank. Main Plaza contains +/- 76,417 SF with 6 Tenants including Marshalls Department Store, Big Lots, Dollar Tree, Green Mountain Holistic Healing, Lamoille Family Health (Dentistry) and House of Davy Gourment Foods. Current NOI of $907,023 is projected to be over $1M by 2028 (Based on scheduled increases and current lease option renewals).
Big Lots has historical strong sales at Morrisville Plaza and has recently ratified & extended its current lease through 2030 and added a third 5-year renewal option which would extend its lease thru 2045. Priced well below replacement cost at less than $115 per SF. Substantial value add as leases rollover.
Big Lots has historical strong sales at Morrisville Plaza and has recently ratified & extended its current lease through 2030 and added a third 5-year renewal option which would extend its lease thru 2045. Priced well below replacement cost at less than $115 per SF. Substantial value add as leases rollover.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
104,380 SF
Building Class
C
Year Built/Renovated
1990/2007
Price
$12,000,000
Price Per SF
$115
Cap Rate
7.56%
NOI
$907,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
10.30 AC
Nearby Major Retailers
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
M&T Bank | 19 Morrisville Plz
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.