For Sale
$2,495,000

45 Old Farm Rd Stowe, VT 05672

High-yield Vermont pharmacy, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a recently constructed, state-of-the-art pharmacy and wellness center located at 45 Old Farm Road in Stowe, Vermont. Situated on a 0.83-acre lot within the Stowe Professional Center Condominiums, this property enjoys a prime location on a busy thoroughfare between Interstate 89 and downtown Stowe. The building is currently under a 20-year triple-net (NNN) lease with 19 years remaining, providing significant long-term income stability. The tenant, operating a pharmacy, commenced their lease one year ago. The property boasts a strong cap rate of 6.41% and a net operating income (NOI) of approximately $160,000. This translates to an attractive return on investment, making it a compelling proposition for discerning investors. The asking price is $2,495,000. Detailed lease agreements are available for review upon request, and a non-disclosure agreement (NDA) is required for access to further information. This property offers a rare combination of location, long-term lease, and strong financial performance, making it an ideal addition to any investment portfolio. The zip code is 05672, and the property is located in Lamoille County.

Highlights

  • Newly constructed pharmacy and wellness center in Stowe, VT.
  • Located on a 0.83-acre lot in the Stowe Professional Center Condominiums, on a major thoroughfare between I-89 and downtown Stowe (05672, Lamoille County).
  • 20-year NNN lease with 19 years remaining; tenant commenced lease one year ago.
  • Strong cap rate of 6.41% and NOI of approximately $160,000.
  • Asking price: $2,495,000.

Property Details for 45 Old Farm Rd

Property type
Retail properties, Drug stores

Location Insight

City
Stowe
County
Lamoille
State
Vermont
Latitude
44.4523795
Longitude
-72.6960472

FAQs

What type of property is this?
Retail property - High-yield Vermont pharmacy, NNN lease.
Where is the retail property located?
The property is located at 45 Old Farm Rd Stowe, VT.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Newly constructed pharmacy and wellness center in Stowe, VT.; Located on a 0.83-acre lot in the Stowe Professional Center Condominiums, on a major thoroughfare between I-89 and downtown Stowe (05672, Lamoille County).; 20-year NNN lease with 19 years remaining; tenant commenced lease one year ago.
How can I contact the broker?
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45 Old Farm Rd
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