Log In/Sign Up
Your email has been sent.
514 Farrell St 26,482 SF Retail Building Burlington, VT 05401 $16,453,920 CAD ($621.32 CAD/SF) 3.49% Cap Rate
Investment Highlights
- High traffic location at lighted intersection
- Multifamily housing, hotel, retail development throughout neighboring area.
- Busy retail corridor with access from Route 7 and Interstate 89
Executive Summary
This is a NNN full loaded leased property to Walgreens with a lease through 1/31/2036. The announcement to close this store will provide the new owner with an opportunity to work on re-tenanting plan while assuming and enjoying the low interest CMBS loan through 12/31/2029. The 15,682 SF first floor is prime retail space located at high traffic, high exposure, lighted intersection. A 10,658 SF second floor office area can be brought to market or redeveloped into high demand residential. Unusual chance to control a key corner on one of areas busiest retail corridors.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
26,482 SF
Building Class
C
Year Built/Renovated
1954/2010
Price
$16,453,920 CAD
Price Per SF
$621.32 CAD
Cap Rate
3.49%
NOI
$574,516 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.66
Lot Size
0.92 AC
Zoning
Commercial 1 -R15 - C1-R15 - Mixed use multi story retail, commercial, hospitality, and residential allowed uses.
Parking
40 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
200’ on Shelburne Road/Route 7
Amenities
- Drive Thru
Walk Score®
Very Walkable (74)
Bike Score®
Biker's Paradise (90)
Nearby Major Retailers
Property Taxes
| Parcel Number | (188) 0670-00514 | Improvements Assessment | $7,268,031 CAD |
| Land Assessment | $0 CAD | Total Assessment | $7,268,031 CAD |
Property Taxes
Parcel Number
(188) 0670-00514
Land Assessment
$0 CAD
Improvements Assessment
$7,268,031 CAD
Total Assessment
$7,268,031 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
514 Farrell St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.