9 Colonial Rd Fairfax, VT 05454
- Retail properties
- 9,100 SF
- 1.63 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9 Colonial Rd
- Year built
- 2019
- Lot size
- 1.63 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Dollar General store located at 9 Colonial Rd, Fairfax, VT 05454. The property boasts 9,100 square feet on a 1.632-acre lot and features an upgraded red barn style architecture. Built in 2019, this property enjoys a 100% occupancy rate since its opening on October 23, 2019, with a lease commencement date of October 24, 2019, and an expiration date of October 31, 2034, leaving 9.9 years remaining on the lease term. The tenant, Dollar General, is credit rated, ensuring a stable income stream. The property generates a substantial net operating income (NOI) of $129,126, resulting in an attractive 7.00% cap rate. The asking price is $1,844,659, translating to a price per square foot of $202.71. According to Placer.ai, this location is highly profitable, with annual sales exceeding $2.9 million. Situated in a thriving community approximately 20 miles from Burlington, VT, this property benefits from consistent growth over the past two decades, with expectations of continued expansion. The lease includes 4-5 year renewal options. This is a rare opportunity to acquire a highly profitable, low-maintenance investment property in a desirable location.
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
- Fairfax
- County
- Franklin
- State
- Vermont
- Longitude
- -73.0062
- Latitude
- 44.6537
