Walgreens Drug
1 Union Street, Brandon, VT 05733
For Sale
Contact for pricing
Pending
The occupied retail property has a corporate-guaranteed NN lease and four renewal options.
Property Size8,700 SF
Lot Size1.70 Acres
Days on Market57
Property Features for 1 Union Street
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Corner Location
Building Details
Buildings
Tenancy
Listing Agency:
JTU Net Lease Group
Listed By:
Jordan Uttal · License CA #01512755
Source:
Crexi
Added: Sep 19
Changed: Nov 10
Last Checked: Nov 12 at 4:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JTU Net Lease Group
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Investment Insights
Based on property information with market context.
This 8,700-square-foot drug store occupies approximately 1.70 acres at the corner of Union Street and Carver Street in Brandon. Walgreens occupies the property under a corporate-guaranteed NN lease. The current term runs through March 31, 2035, with four five-year renewal options. The site has operated as a community pharmacy since 1993.
A restrictive covenant extends 1.5 miles from the property. The lease includes a scheduled 8.7% rent increase in 2035. The nearest major competitors are approximately 14 miles away.
A restrictive covenant extends 1.5 miles from the property. The lease includes a scheduled 8.7% rent increase in 2035. The nearest major competitors are approximately 14 miles away.
Key Highlights
- 8,700 SF retail property on approximately 1.70 acres
- Walgreens occupancy backed by a corporate guaranty
- NN lease term through March 31, 2035, with four 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,088
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,761,760
$1.8M
Cap Rate 7%
$1,258,400
$1.3M
Cap Rate 9%
$978,756
$978.8K
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$130.5K $15.00/SF
− Vacancy
−$13.1K −$1.50/SF
EGI
$117.5K $13.50/SF
− OpEx
−$29.4K −$3.38/SF
NOI
$88.1K $10.13/SF
Area
Rutland County, VT
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,761,760
Cap Rate 7%
$1,258,400
Cap Rate 9%
$978,756
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,088 @ 7.0% cap · market cap 8.01%
Second Best
Retail
$1.01M
$884.3K – $1.18M
NOI $70,741 @ 7.0% cap · market cap 6.43%
Theoretical Best
Healthcare Medical
$1.51M
$1.33M – $1.77M
NOI $106,034 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Dining 39%
Home Improvements & Furnishings 13%
Shops & Services 4%
Hannaford
Groceries
10,626 visits/mo
0.0 miles
Dunkin' Donuts
Dining
9,208 visits/mo
0.2 miles
Brandon Lumber & Millwork
Home Improvements & Furnishings
3,140 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
896 visits/mo
0.5 miles
Demographics for 05733, VT
5,935
Population
3,289
Households
1.8
Avg Household Size
48
Median Age
33%
College-Educated
95%
High-School Grad
108.1 sq mi
ZIP Area
55
Density / Sq Mi
$65,673
Median Household Income
$40,993
Median Earnings
$1,020
Median Rent
$240,400
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Rite Aid Pharmacy — 14 Park St, Brandon, VT 05733
- Sara Little — 1 Union St, Brandon, VT 057331127
- Judith Manning — 1 Union St, Brandon, VT 057331127
- Sienna Caracane — 1 Union St, Brandon, VT 057331127
- Walgreens Pharmacy — 1 Union St, Brandon, VT 05733
Frequently Asked Questions
What type of property is this?
Drug store - The occupied retail property has a corporate-guaranteed NN lease and four renewal options.
Where is this drug store located?
The property is located at 1 Union Street Brandon, VT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8,700 SF retail property on approximately 1.70 acres; Walgreens occupancy backed by a corporate guaranty; NN lease term through March 31, 2035, with four 5‑year renewal options
