Two-Asset Medical Office
For Sale
Contact for pricing
Pending
494 Highland Ave, Newport, VT 05855
Two healthcare properties occupied by Roligo Dental under net leases with limited landlord responsibilities.
Property SizeContact for details
Days on Market141
Property Features for 494 Highland Ave
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
JLL Austin
Listed By:
Kirby Hayes · License #TX 755222
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 4:43PM
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 JLL Austin
Investment Insights
Based on property information with market context.
This medical office portfolio comprises two Roligo Dental locations in Newport and Rutland, Vermont. The Newport property is held in fee simple, while the Rutland asset is structured as a tenancy in common interest. Both locations operate under net leases that limit landlord responsibilities and include 3.0% annual rent increases, with 8.6 years remaining on the lease term.
The Newport property is positioned near North Country Hospital, which employs 625 people and recorded 53,810 patient encounters in 2023. In Rutland, the asset is adjacent to Rutland Regional Medical Center, a 144-bed hospital with more than 1,800 professionals and support staff, over 240 providers, and more than 40 medical specialties. Roligo Dental operates 17 clinics and provides support to multi-location dental groups while retaining their individual brands and management autonomy.
The Newport property is positioned near North Country Hospital, which employs 625 people and recorded 53,810 patient encounters in 2023. In Rutland, the asset is adjacent to Rutland Regional Medical Center, a 144-bed hospital with more than 1,800 professionals and support staff, over 240 providers, and more than 40 medical specialties. Roligo Dental operates 17 clinics and provides support to multi-location dental groups while retaining their individual brands and management autonomy.
Key Highlights
- Two medical office assets in Newport, VT and Rutland, VT
- Roligo Dental occupies both properties under net leases
- 3.0% annual rent bumps with 8.6 years of remaining lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 05855, VT
7,388
Population
3,880
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
90%
High-School Grad
59.1 sq mi
ZIP Area
125
Density / Sq Mi
$57,611
Median Household Income
$34,381
Median Earnings
$866
Median Rent
$194,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two healthcare properties occupied by Roligo Dental under net leases with limited landlord responsibilities.
Where is this medical office space located?
The property is located at 494 Highland Ave Newport, VT.
What are key features of this property?
This property features: Two medical office assets in Newport, VT and Rutland, VT; Roligo Dental occupies both properties under net leases; 3.0% annual rent bumps with 8.6 years of remaining lease term
