69 Mountain View Dr Colchester, VT 05446
Property Lookup
Property profile & analytics
69 Mountain View Dr Colchester, VT 05446
- Turn key restaurants
- 13,416 SF
- 3.88 lot acres
Property ID
US89-0171062
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store / Printing Service
- CVS Pharmacy / Pharmacy
- CVS / Pharmacy
- UPS Access Point location / Courier Service / Postal Service
- LibertyX Bitcoin ATM / Atm
Property Details for 69 Mountain View Dr
- Year built
- 2015
- Construction
- STEEL FRAME
- Lot size
- 3.88 lot acres
- Property size
- 13,416 SF
- Zone code
- COM
- Property type
- Turn key restaurants
- APN
- (048) 03-0100030000000
- APU
- 48030100030000000
Description
This exceptional investment opportunity presents a fee-simple ownership of a 13,320-square-foot CVS Pharmacy in Colchester, Vermont. The property boasts a 100% occupancy rate under a 25.3-year absolute NNN lease with a credit-rated tenant and corporate guarantee, offering significant security and minimal landlord responsibilities. With 16.2 years remaining on the lease, the property provides a stable, passive income stream. The lease includes ten five-year options, with current rent in the first two options and fair market value rent in subsequent options. The property sits on a large 3.59-acre lot at a signalized intersection with over 23,000 vehicles passing daily, benefiting from its strategic location off Interstate 89 (approximately 47,000 VPD) and proximity to downtown Burlington (10 minutes away). Annual visits to the CVS exceed 191,000, showcasing a remarkable 40.1% year-over-year increase. The property's exceptional location is further enhanced by its adjacency to Vermont's only Costco, generating over 2.5 million annual visits. The surrounding area features a high concentration of residents (over 58,000 within a 3-mile radius) with an average household income of $86,000, contributing to strong consumer spending. The property is also conveniently located near several schools, universities, Burlington International Airport, and major employers, including the University of Vermont Medical Center and GlobalFoundries, ensuring consistent high traffic volume. Built in 2015, this single-story building offers a compelling 5.75% cap rate and a net operating income (NOI) of $295,988, making it an attractive investment opportunity with significant long-term potential. The asking price is $5,147,617, translating to a price per square foot of $386.46. This property offers a rare combination of strong tenant, prime location, and substantial remaining lease term, presenting a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,569,000
Market price range: $1.11M - $2.08M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,570,000 Current use
- OFFICE BUILDING
- $1,990,000 Change: +27% Conversion: Moderate
- MEDICAL BUILDING
- $1,870,000 Change: +19% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,615,000 Change: +3% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,385,000 Change: -12% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,375,000 Change: -13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colchester
- County
- Chittenden
- State
- Vermont
- Longitude
- -73.1819
- Latitude
- 44.507
- CBSA code
- 15540
- CBSA name
- BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$72,378
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
