108 Northside Dr Bennington, VT 05201-1860

Property Details for 108 Northside Dr

Year built

1947

Lot size

2.04 lot acres

Property size

10,632 SF

Property type

Commercial real estate

APN

(015)36-51-57-00

APU

1536515700

Description

This exceptional investment opportunity presents a newly constructed, 2,400 square foot Starbucks located at 108 Northside Drive, Bennington, Vermont, 05201. The property sits on a 1.3-acre lot with 31 parking spaces and boasts a prime location within a thriving retail corridor featuring national retailers such as Walmart, Home Depot, and Hannaford. The Class A building, constructed in 2024, is currently 100% occupied under a 10-year net lease with a credit-rated corporate guarantor, commencing November 30, 2024, and expiring November 29, 2034. The lease includes four 5-year renewal options with a 10% rent increase every five years, ensuring consistent income growth. The current annual rent is $176,000, resulting in a 6.0% cap rate on the $2,934,000 asking price. The property benefits from excellent visibility and strong local demographics in Bennington, one of southern Vermont's largest towns, drawing shoppers from surrounding areas and tourists. This stabilized investment offers minimal landlord responsibilities (roof and structure only), providing a secure and passive income stream for the long term. The property's strategic location along Northside Drive (VT 7A) ensures high visibility and significant daily traffic. This is a rare opportunity to acquire a brand-new, high-performing Starbucks in a desirable location.