For Sale
$3,025,000

7237 Us-7 Pownal, VT 05261

A-rated tenant, 15+ year lease, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 5,085 square foot, single-tenant medical office building situated on 5.27 acres in Pownal, Vermont. The property boasts a 100% occupancy rate with a highly creditworthy tenant (S&P A-rated) under a 25-year absolute net lease, with 15.9 years remaining and a 15-year renewal option. Built in 2015, the Class B building features 36 parking spaces and benefits from a 10% rent increase every five years. The property generates a strong NOI of $189,836, resulting in an attractive cap rate of 6.28%. Located at 7237 US-7, the property enjoys excellent visibility and accessibility along a major North-South highway, offering convenient access to surrounding communities in Vermont, Massachusetts, and New York. The lease is backed by a corporate guarantee from Dartmouth Hitchcock Health, minimizing landlord responsibilities and providing exceptional investment security. This is a rare opportunity to acquire a stabilized, high-performing medical office asset with significant long-term growth potential. The asking price is $3,025,000.

Highlights

  • 5,085 SF single-tenant medical office building on 5.27 acres in Pownal, VT.
  • 100% occupied by an A-rated (S&P) medical tenant under a 25-year absolute net lease with 15.9 years remaining and a 15-year renewal option.
  • 10% rent increases every five years.
  • Zero landlord responsibilities due to corporate guarantee from Dartmouth Hitchcock Health.
  • Absolute net lease structure.

Property Details for 7237 Us-7

Property type
Office properties, Medical offices
Square Feet
5,085 SF
Class
B
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
229,561 SF

Location Insight

City
Pownal
County
Bennington
State
Vermont
Latitude
42.7544714
Longitude
-73.2200346

FAQs

What type of property is this?
Office property - A-rated tenant, 15+ year lease, high NOI.
Where is the office property located?
The property is located at 7237 Us-7 Pownal, VT.
What is the asking price?
The asking price for this property is $3,025,000.
What are key features of this property?
This property features: 5,085 SF single-tenant medical office building on 5.27 acres in Pownal, VT.; 100% occupied by an A-rated (S&P) medical tenant under a 25-year absolute net lease with 15.9 years remaining and a 15-year renewal option.; 10% rent increases every five years.
How can I contact the broker?
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7237 Us-7
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