Burger King 2729 N Main St 4,599 SF Retail Building Rutland, VT 05701 $2,209,091 ($480.34/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, Absolute Triple Net Lease
- Strong Unit Level Economics
- Strong Franchisee Guarantee
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Burger King located at 2729 N Main St, Rutland, VT 05701. The site consists of roughly 4,599 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 1/1/2023. The current annual rent is $121,500 and has scheduled increases of variable.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,599 SF
Building Class
C
Year Built
1977
Price
$2,209,091
Price Per SF
$480.34
Cap Rate
5.50%
NOI
$121,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.15 AC
Opportunity Zone
Yes
Zoning
M - Miscellaneaous
Frontage
71’ on South Main Street
AMENITIES
- Pylon Sign
- Drive Thru
- Monument Signage
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 540-170-20064 | Improvements Assessment | $0 |
| Land Assessment | $756,900 | Total Assessment | $756,900 |
CONTACTS
-
Glen Kunofsky -
James Westerberg -
Patrick Finn -
Carlton St Bernard -
NNN Pro Group
