2729 Main St Rutland, VT 05701
- Retail properties
- 4,599 SF
- 1.15 lot acres
Current Use by Public Records
- Burger King / Fast Food Restaurant / Restaurant
Property Details for 2729 Main St
- Year built
- 1977
- Lot size
- 1.15 lot acres
- Property size
- 4,599 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a Burger King restaurant located at 2729 N Main St, Rutland, VT 05701. The property boasts 4,599 square feet on a 1.15-acre lot and is subject to a triple-net (NNN) lease with zero landlord responsibilities. The current lease, commencing January 1, 2023, and expiring December 31, 2043, offers a remaining term of approximately 19.1 years, with four five-year renewal options. The annual net operating income (NOI) is $121,500, yielding a 5.15% cap rate on the $2,359,223 asking price ($512.99/sq ft). The property was built in 1977 and renovated in 2024. The tenant, a Burger King franchisee, is guaranteed by Carrols, LLC, one of the largest Burger King franchisees with over 1,110 units. The lease includes attractive rental increases throughout its term and renewal periods. This investment offers a strong, stable income stream with significant upside potential due to the tenant's commitment and the property's strategic location. The recent renovations, including drive-thru capacity improvements, further enhance the property's value and appeal. This is a rare opportunity to acquire a high-performing, well-located Burger King in a desirable market. 100% occupancy ensures immediate cash flow.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rutland
- County
- Rutland
- State
- Vermont
- Longitude
- -72.9731
- Latitude
- 43.61
