47 Executive Dr Shelburne, VT 05482

This exceptional investment opportunity presents a fee-simple interest in a 11,583-square-foot Kinney Drugs, a prominent pharmacy and convenience store, located at 47 Executive Dr, Shelburne, VT 05482. The property sits on a 1.97-acre lot and boasts a strong location in a high-income area, with an average household income exceeding $189,000 within a one-mile radius. Built in 2011, this single-story building operates under a Net Net (NN) lease with a remaining term of 8 years, expiring May 31, 2032, and includes two 5-year renewal options. The lease features a significant 10% rent increase on August 26, 2027, providing built-in inflation protection. The current Net Operating Income (NOI) is $393,532, resulting in a 6.00% cap rate. The property's asking price is $6,558,865. This investment offers a passive income stream with a long-term, established tenant in a desirable location, benefiting from excellent visibility and access along a primary thoroughfare. The property's proximity to the University of Vermont and Champlain College further enhances its appeal. The property's location along US Route 7 places it within a strong commercial corridor. This is a rare opportunity to acquire a high-performing retail asset with significant long-term growth potential. The property's parcel number is 082-0047.