For Sale
$2,934,000

108 Northside Dr Bennington, VT 05201

High-yield, 10-year NNN Starbucks lease.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a newly constructed, 2,400 square foot Starbucks located at 108 Northside Drive, Bennington, Vermont, 05201. The property sits on a 1.3-acre lot with 31 parking spaces and boasts a prime location within a thriving retail corridor featuring national retailers such as Walmart, Home Depot, and Hannaford. The Class A building, constructed in 2024, is currently 100% occupied under a 10-year net lease with a credit-rated corporate guarantor, commencing November 30, 2024, and expiring November 29, 2034. The lease includes four 5-year renewal options with a 10% rent increase every five years, ensuring consistent income growth. The current annual rent is $176,000, resulting in a 6.0% cap rate on the $2,934,000 asking price. The property benefits from excellent visibility and strong local demographics in Bennington, one of southern Vermont's largest towns, drawing shoppers from surrounding areas and tourists. This stabilized investment offers minimal landlord responsibilities (roof and structure only), providing a secure and passive income stream for the long term. The property's strategic location along Northside Drive (VT 7A) ensures high visibility and significant daily traffic. This is a rare opportunity to acquire a brand-new, high-performing Starbucks in a desirable location.

Highlights

  • Newly constructed 2,400 SF Starbucks with a 10-year net lease.
  • 10% rent increase every 5 years, with four 5-year renewal options; no early termination clause.
  • Minimal landlord responsibilities (roof and structure only).
  • Investment-grade corporate guarantor.
  • Starbucks (SBUX) is an S&P BBB+ rated company with a strong market presence.
  • 2024 construction minimizes near-term capital expenditure needs.

Property Details for 108 Northside Dr

Property type
Retail properties, Restaurants
Square Feet
2,400 SF
Class
A
Year Built
2024
Buildings
1
Lot Size (sq. ft)
56,628 SF
Units
1

Location Insight

City
Bennington
County
Bennington
State
Vermont
Latitude
42.894818
Longitude
-73.203733

FAQs

What type of property is this?
Retail property - High-yield, 10-year NNN Starbucks lease.
Where is the retail property located?
The property is located at 108 Northside Dr Bennington, VT.
What is the asking price?
The asking price for this property is $2,934,000.
What are key features of this property?
This property features: Newly constructed 2,400 SF Starbucks with a 10-year net lease.; 10% rent increase every 5 years, with four 5-year renewal options; no early termination clause.; Minimal landlord responsibilities (roof and structure only).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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108 Northside Dr
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