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

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Marshalls Plaza with Ocean State Job Lot 100% Occupancy - 103,380 SF Shopping Center

104,380 SF 100% Leased Retail Building Morrisville, VT 05661 $17,318,400 CAD ($165.92 CAD/SF) 7.56% Cap Rate

INVESTMENT HIGHLIGHTS

  • 100% Occupancy - 104,380 SF Shopping Plaza with 10 tenant. Shadow to busy Price Chopper Supermarket,
  • Four (4) Free Standing Tenants, modifed NNN Leases with tenants paying everything but Structural.
  • Strategically located +/- 6 miles north of Stowe in the commercial/business center of Lamoille County Vermont.
  • Seven (7) tenants are National or Regional Credit Tenants including McDonalds, Marshalls, Ocean State Job Lot, Dollar Tree, TD Bank & M&T Bank.
  • IN-PLACE Cap Rate of 7.56% with scheduled increases to achieve $1M NOI by 2028. Seller says "bring offers".
  • Priced substantially below replacemnt cost at less than $115 per square foot.

EXECUTIVE SUMMARY

100% Occupancy Shopping Plaza. 104,380 square feet. 100% Occupied by ten (10) tenants, seven of which are national or regional credit tenants that include McDonalds, Marshalls, Ocean State Job Lot, Dollar Tree, Kinney Drug, TD Bank & M&T Bank. Main Plaza contains +/- 70,000 square feet. Four individual free standing buildings that are modifed NNN leases with tenant responsible for all cost but structural. In-place cap of 7.56% with scheulded increases to achieve over $1M in NOI by 2028. Shadow to busy Price Chopper Supermarket. Situated in the commercial/business center of Lamoille County Vermont - 6 miles north of Stowe. Stowe Airport located 3 miles from the property. Additional retailers in the immediate area of Morrisville Plaza include Hannaford Supermarket, CVS, Aubuchon Hardware, O'Reilly Auto Parts, Ace Hardware, Tractor Suplly, Dunkin Donuts and more. Call or email Tom Boyle at 860-649-4800 or tboyle@chozickrealty.com for futher information.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
104,380 SF
Building Class
B
Year Built
1990
Price
$17,318,400 CAD
Price Per SF
$165.92 CAD
Cap Rate
7.56%
NOI
$1,309,271 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
7.56 AC
Frontage
1,317’ on Morrisville

NEARBY MAJOR RETAILERS

TD Bank
Amato's
CrossFit
Snap Fitness 24/7
Rent-A-Center
Price Chopper
Hannaford

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
414-129-11755
Land Assessment
$1,024,270 CAD
Improvements Assessment
$6,824,776 CAD
Total Assessment
$7,849,046 CAD
  • Listing ID: 34716484

  • Date on Market: 2025-02-04

  • Last Updated:

  • Address: 100% Occupancy - 103,380 SF Shopping Center, Morrisville, VT 05661

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}