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







PROPERTY TAXES
Parcel Number | 414-129-11755 | Improvements Assessment | $6,824,776 CAD |
Land Assessment | $1,024,270 CAD | Total Assessment | $7,849,046 CAD |
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
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Marshalls Plaza with Ocean State Job Lot | 100% Occupancy - 103,380 SF Shopping Center
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