106 Northside Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
106 Northside Dr
2,325 SF 100% Leased Retail Building Bennington, VT 05201 $4,393,020 CAD ($1,889 CAD/SF) 5.40% Cap Rate
EXECUTIVE SUMMARY
Atlantic Capital Partners is pleased to present for
sale the newly constructed Chipotle located at 106
Northside Drive in Bennington, Vermont. This 2,325
SF build-to-suit prototype is scheduled to open
for business in Q4 ’24. The property is strategically
situated at the intersection of Northside Drive
and U.S 7 and sits within a dense retail node that
featuring major national retailers such as Walmart,
Home Depot, Hannaford and more.
The site benefits from excellent visibility and strong
local demographics. Chipotle committed to a newly
casted 15-Year Lease, with four five-year renewal
options. The lease calls for 10% rent escalations every
5-years through the initial term, and at the start of
each option period, with a current annual rent of
$176,000. This investment combines the advantages
of new construction, limited landlord responsibilities,
and a stable, long-term passive income stream.
sale the newly constructed Chipotle located at 106
Northside Drive in Bennington, Vermont. This 2,325
SF build-to-suit prototype is scheduled to open
for business in Q4 ’24. The property is strategically
situated at the intersection of Northside Drive
and U.S 7 and sits within a dense retail node that
featuring major national retailers such as Walmart,
Home Depot, Hannaford and more.
The site benefits from excellent visibility and strong
local demographics. Chipotle committed to a newly
casted 15-Year Lease, with four five-year renewal
options. The lease calls for 10% rent escalations every
5-years through the initial term, and at the start of
each option period, with a current annual rent of
$176,000. This investment combines the advantages
of new construction, limited landlord responsibilities,
and a stable, long-term passive income stream.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,325 SF
Year Built
2024
Price
$4,393,020 CAD
Price Per SF
$1,889 CAD
Cap Rate
5.40%
NOI
$237,223 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
1.99 AC
Zoning
NEC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | (015)36-51-57-00 | Improvements Assessment | $177,995 CAD |
| Land Assessment | $687,871 CAD | Total Assessment | $865,866 CAD |
PROPERTY TAXES
Parcel Number
(015)36-51-57-00
Land Assessment
$687,871 CAD
Improvements Assessment
$177,995 CAD
Total Assessment
$865,866 CAD
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
106 Northside Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.