100% Occupancy - 103,380 SF Shopping Center | Morrisville, VT 05661
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100% Occupancy - 103,380 SF Shopping Center
Morrisville, VT 05661
Marshalls Plaza with Ocean State Job Lot · Retail Property For Sale
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.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
77,461 SF
Building Class
B
Year Built
1990
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
7.56 AC
Frontage
1,317’ on Morrisville
PROPERTY TAXES
| Parcel Number | 414-129-11755 | Improvements Assessment | $6,492,884 |
| Land Assessment | $974,459 | Total Assessment | $7,467,344 |
PROPERTY TAXES
Parcel Number
414-129-11755
Land Assessment
$974,459
Improvements Assessment
$6,492,884
Total Assessment
$7,467,344
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