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1548 North Ave 1,625 SF 100% Leased Retail Building Burlington, VT 05408 $1,428,105 CAD ($878.83 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Long-standing Domino's Pizza location with decades of operating history. For Sale at $1,015,000 with a $66,000/yr NOI which represents a 6.5% Cap Rate
- Freestanding net-leased quick-service restaurant asset on a standalone parcel.
- High barrier-to-entry site supported by existing improvements and long-term use as a quick-service restaurant.
- Infill Burlington real estate within one of Vermont's strongest retail and residential markets.
- Established neighborhood-serving location with convenient access to surrounding residential communities.
- Rare Burlington investment opportunity in a market with limited supply of freestanding net-leased retail assets.
Executive Summary
Opportunity to purchase this Domino’s NNN leased investment property located at 1548 North Ave in Burlington, VT. A multi-unit franchisee currently operates this Domino’s. The lease currently has just under 10 years remaining with an expiration date of June 30, 2036, plus two (2) five (5) year renewal options. The lease is personally guaranteed by the owner of ESP Pizza LLC. Broker of Record: Brian Brockman - Broker; License #: 81.0134052; Bang Realty-New England Inc; bor@bangrealty.com; 513-898-1551.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,625 SF
Building Class
B
Year Built
1970
Price
$1,428,105 CAD
Price Per SF
$878.83 CAD
Cap Rate
6.50%
NOI
$92,862 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
0.30 AC
Zoning
RC
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | (035) 024-2-034-000 | Improvements Assessment | $251,086 CAD |
| Land Assessment | $398,849 CAD | Total Assessment | $649,935 CAD |
Property Taxes
Parcel Number
(035) 024-2-034-000
Land Assessment
$398,849 CAD
Improvements Assessment
$251,086 CAD
Total Assessment
$649,935 CAD
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1548 North Ave
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