217 Woodstock Ave | Rutland, VT 05701
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217 Woodstock Ave
Rutland, VT 05701
Applebee's Anchored Shopping Center · Retail Property For Sale
Investment Highlights
- Desirable Access – Logical stopping point for those traveling from Rutland Southern Vermont Regional Airport to nearby mountain ski resorts
- Diverse Tenant Mix – Healthy tenant mix consisting of Casual Dining, QSR, Recreation, Medical, Government, Fitness, and General Retail
- Long-term ground lease in place with Applebee’s covers a significant portion of carrying costs | Tenant responsible for 37% of property tax bill
- Location – Main retail corridor (Woodstock Ave) is home to a wide variety of national tenants that assist in driving traffic to location
Executive Summary
3 Retail Buildings on 1 Parcel
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
29,182 SF
Building Class
B
Year Built/Renovated
1960/1998
Price
$2,960,000
Price Per SF
$101
Cap Rate
7.50%
NOI
$222,000
Percent Leased
83%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.38
Lot Size
1.77 AC
Zoning
Commercial
Parking
30 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
200 FT on 217 Woodstock Avenue
Amenities
- 24 Hour Access
- Signage
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 540-170-10733 | Improvements Assessment | $1,882,100 |
| Land Assessment | $88,300 | Total Assessment | $1,970,400 |
PROPERTY TAXES
Parcel Number
540-170-10733
Land Assessment
$88,300
Improvements Assessment
$1,882,100
Total Assessment
$1,970,400
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