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Restaurant

Chipotle/Starbucks

106-108 Northside Dr, Bennington, VT 05201

Listing Price: $6,180,000

Cap Rate
5.50%
Tenant Name
Starbucks and Chipotle
Years Remaining On Lease
15.0
Gross SF
4,725
Guarantor
Corporate Guarantee
Rentable SF
4,725
Price/Gross SF
$1,307.94
Lease Type
Double Net
Rent Per Square Feet
$71.96

Investment Overview

Marcus and Millichap is please to present a brand new Chipotle and Starbucks located at 106/108 Northside Drive in
Bennington, Vermont. Situated on a huge 2.4-acre lot, Chipotle has a 15-year lease with 10% increases every 5 years and
Starbucks has a 10-year lease with 10% increases every 5 years. Both Chipotle and Starbucks are corporately guaranteed
and have 4–5-year renewal options. Each tenant has their own building with dedicated drive-thru’s. Bennington drive is
a major thoroughfare and the property is surrounded by retail centers and nationally recognized tenants such as Walmart
Supercenter, Home Depot, Aldi, McDonalds, CVS, KFC, Taco Bell, Enterprise, Dunkin, Petco, Dollar General, Advance Auto,
Best Western, Price Chopper,... and many more. Additionally, the property is strategically located in a dense residential
market that includes several schools including Mount Anthony Union High School that is less than 1.5 miles away. Situated
just .03 miles from State Highway 7 (Kocher Drive), Northside Drive is the primary retail corridor in the southwestern
Vermont Town of Bennington. This is a very high barrier of entry market place with extremely strong demographics and
this Starbucks benefits from tremendous visibility in addition to traffic counts that exceed 20,000 vehicles per day.

Investment Highlights

  • Brand new Chipotle and Starbucks located at 106/108 Northside Drive in Bennington, Vermont. Chipotle has a 15-year lease with 10% increases every 5 years and Starbuck has a 10-year lease with 10% in
  • Brand New 2024 Build with a 10 and 15 Year Corporately Guaranteed Leases • No Early Termination Clause • High Barrier of Entry Marketplace • Huge 1.3 Acre Lot • No Management Responsibility
  • Tremendous Visibility • Huge 2.5 Acre Lot

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s) 081.0000142

    Vermont

Restaurant

Chipotle/Starbucks

Listing Price: $6,180,000

Cap Rate
5.50%
Tenant Name
Starbucks and Chipotle
Years Remaining On Lease
15.0
Gross SF
4,725
Guarantor
Corporate Guarantee
Rentable SF
4,725
Price/Gross SF
$1,307.94
Lease Type
Double Net
Rent Per Square Feet
$71.96

Investment Highlights

  • Brand new Chipotle and Starbucks located at 106/108 Northside Drive in Bennington, Vermont. Chipotle has a 15-year lease with 10% increases every 5 years and Starbuck has a 10-year lease with 10% in
  • Brand New 2024 Build with a 10 and 15 Year Corporately Guaranteed Leases • No Early Termination Clause • High Barrier of Entry Marketplace • Huge 1.3 Acre Lot • No Management Responsibility
  • Tremendous Visibility • Huge 2.5 Acre Lot

Investment Overview

Marcus and Millichap is please to present a brand new Chipotle and Starbucks located at 106/108 Northside Drive in Bennington, Vermont. Situated on a huge 2.4-acre lot, Chipotle has a 15-year lease with 10% increases every 5 years and Starbucks has a 10-year lease with 10% increases every 5 years. Both Chipotle and Starbucks are corporately guaranteed and have 4–5-year renewal options. Each tenant has their own building with dedicated drive-thru’s. Bennington drive is a major thoroughfare and the property is surrounded by retail centers and nationally recognized tenants such as Walmart Supercenter, Home Depot, Aldi, McDonalds, CVS, KFC, Taco Bell, Enterprise, Dunkin, Petco, Dollar General, Advance Auto, Best Western, Price Chopper,... and many more. Additionally, the property is strategically located in a dense residential market that includes several schools including Mount Anthony Union High School that is less than 1.5 miles away. Situated just .03 miles from State Highway 7 (Kocher Drive), Northside Drive is the primary retail corridor in the southwestern Vermont Town of Bennington. This is a very high barrier of entry market place with extremely strong demographics and this Starbucks benefits from tremendous visibility in addition to traffic counts that exceed 20,000 vehicles per day.

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s): 081.0000142

    Vermont

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