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Cherry Hill Plaza-High Visibility Retail Opportunity $16/SF/Yr

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Listing Agency: V/T Commercial Show Phone

Listed By: Tony Blake Show Phone

Source: Moodyscre

Added: Oct 20, 2022 Changed: Jul 6 Last Checked: Aug 7 at 8:34AM

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Investment Insights

Based on property information with market context.

Cherry Hill Plaza, constructed in 2015, offers significant visibility on Barre-Montpelier Road (US Route 302). The property is situated in front of a major shopping center whose tenants include Price Chopper, Staples, TJ Maxx, and PetSmart. Currently, Cherry Hill Plaza houses T-Mobile, Aspen Dental, and Miracle Ear. Multiple storefronts are available, featuring large glass storefronts and entrances that maximize exposure to Route 302. One space, approximately 1,747 square feet, is available in as-built condition, including a demised rear area, a private restroom, and a double access door at the rear. The remaining space is in a non-demised warm, dark shell condition without poured floors, providing buildout flexibility. Turn-key delivery is available. The zoning allows for retail, restaurant, general office, and medical uses. The available spaces range from 1,000 to 9,000 square feet.

Key Highlights

• High visibility location on Barre‑Montpelier Road (US Route 302).
• Located in front of a major shopping center with Price Chopper, Staples, TJ Maxx, and PetSmart.
• Flexible buildout options with warm, dark shell condition and floors not poured.

Property Analytics

Property Profile

Current Use

Strip malls

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Plumbing Service Auto Repair Shop Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.40 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

824

Businesses Nearby

80k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 70% Dining 21% Home Improvements & Furnishings 9%

Mobil Shops & Services

17,173 visits/mo 0.0 miles

Dunkin' Donuts Dining

12,289 visits/mo 0.0 miles

Cumberland Farms Shops & Services

10,593 visits/mo 0.5 miles

Jiffy Mart Shops & Services

8,430 visits/mo 0.0 miles

Nelson Ace Hardware Home Improvements & Furnishings

7,245 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Strip mall - High-visibility retail spaces available in Cherry Hill Plaza.

Where is this strip mall located?

The property is located at 856 US Route 302 Barre, VT.

What is the lease rate?

The lease rate is $16 SF/Yr.

What are key features of this property?

This property features: High visibility location on Barre‑Montpelier Road (US Route 302).; Located in front of a major shopping center with Price Chopper, Staples, TJ Maxx, and PetSmart.; Flexible buildout options with warm, dark shell condition and floors not poured.