106 Northside Dr
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106 Northside Dr
2,325 SF 100% Leased Retail Building Bennington, VT 05201 $4,382,998 CAD ($1,885.16 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
$4,382,998 CAD
Price Per SF
$1,885.16 CAD
Cap Rate
5.40%
NOI
$236,682 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 | $180,204 CAD |
| Land Assessment | $696,407 CAD | Total Assessment | $876,611 CAD |
PROPERTY TAXES
Parcel Number
(015)36-51-57-00
Land Assessment
$696,407 CAD
Improvements Assessment
$180,204 CAD
Total Assessment
$876,611 CAD
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106 Northside Dr
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