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Net Lease

AmeriGas Propane Center | Southern Vermont | Absolute Net Ground Lease | Recent 10Yr Lease Extension

493 Harwood Hill Rd, Bennington (Southern Vermont), VT 05201

Listing Price: $1,500,000

Cap Rate
5.30%
Gross SF
300
Price/Gross SF
$5,000.00
Lot Size
2.08 acres
Year Built
2004
Rentable SF
300

Investment Overview

Bennington is a town in Bennington County, Vermont and is one of two shire towns (county seats) of the county, the other being Manchester. It is the most populous town in southern Vermont, the third-largest town in Vermont (after Essex and Colchester) and the sixth-largest municipality in the state including the cities of Burlington, Rutland, and South Burlington. Industries related to agriculture, forestry, fishing, trade and retail, tourism, shipping by air, health care and government related jobs help shape and play a vital role in Bennington's economy. Southwestern Vermont Medical Center, with a workforce of approximately 1,300 employees, is the town's largest employer, and the seventh largest in Vermont. Bennington leaders have formed the Bennington Economic Development Partners to facilitate and expedite economic growth. Working from a newly created Strategic Economic Development Plan that promotes the benefits afforded to companies located in the local area. Foreign Trade Zone, EB5, low interest loans, site-ready properties for manufacturing, R&D, Retail, and Technology are a few of the benefits available to new and existing industries. Bennington's "big box" development is mostly confined to the Northside Drive and Kocher Drive corridor in the northern portion of town.

Investment Highlights

  • 17+ Year Historical Occupancy and Recent 10 Year Lease Extension Demonstrates a Strong Commitment to the Location.
  • Absolute Net Ground Lease (Zero Landlord Obligations) Featuring Favorable Annual 2.50% Rental Increases throughout the Initial Term and Options.
  • Positioned Along Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility. Immediate Access to/from US-7 and VT-279.
  • Positioned Along Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility. Immediate Access to/from US-7 and VT-279.
  • In Close Proximity to Bennington College - a Private Liberal Arts College w/ a Total Enrollment of 755+ Students. US News & World Report Ranked it #76 in National Liberal Arts Colleges.
  • Near Numerous National Retailers including The Home Depot, Walmart Supercenter, Price Chopper, CVS Pharmacy, ALDI, Tractor Supply, Hannaford Supermarket and many more.
  • Minutes from William H. Morse State Airport - a State-Owned Public-Use Airport also eferred to as "Southwest Vermont's Airport". There are more than 50 Aircraft Based at this Airport.

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s) 081.0000142

    Vermont

Net Lease

AmeriGas Propane Center | Southern Vermont | Absolute Net Ground Lease | Recent 10Yr Lease Extension

Listing Price: $1,500,000

Cap Rate
5.30%
Gross SF
300
Price/Gross SF
$5,000.00
Lot Size
2.08 acres
Year Built
2004
Rentable SF
300

Investment Highlights

  • 17+ Year Historical Occupancy and Recent 10 Year Lease Extension Demonstrates a Strong Commitment to the Location.
  • Absolute Net Ground Lease (Zero Landlord Obligations) Featuring Favorable Annual 2.50% Rental Increases throughout the Initial Term and Options.
  • Positioned Along Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility. Immediate Access to/from US-7 and VT-279.
  • Positioned Along Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility. Immediate Access to/from US-7 and VT-279.
  • In Close Proximity to Bennington College - a Private Liberal Arts College w/ a Total Enrollment of 755+ Students. US News & World Report Ranked it #76 in National Liberal Arts Colleges.
  • Near Numerous National Retailers including The Home Depot, Walmart Supercenter, Price Chopper, CVS Pharmacy, ALDI, Tractor Supply, Hannaford Supermarket and many more.
  • Minutes from William H. Morse State Airport - a State-Owned Public-Use Airport also eferred to as "Southwest Vermont's Airport". There are more than 50 Aircraft Based at this Airport.

Investment Overview

Bennington is a town in Bennington County, Vermont and is one of two shire towns (county seats) of the county, the other being Manchester. It is the most populous town in southern Vermont, the third-largest town in Vermont (after Essex and Colchester) and the sixth-largest municipality in the state including the cities of Burlington, Rutland, and South Burlington. Industries related to agriculture, forestry, fishing, trade and retail, tourism, shipping by air, health care and government related jobs help shape and play a vital role in Bennington's economy. Southwestern Vermont Medical Center, with a workforce of approximately 1,300 employees, is the town's largest employer, and the seventh largest in Vermont. Bennington leaders have formed the Bennington Economic Development Partners to facilitate and expedite economic growth. Working from a newly created Strategic Economic Development Plan that promotes the benefits afforded to companies located in the local area. Foreign Trade Zone, EB5, low interest loans, site-ready properties for manufacturing, R&D, Retail, and Technology are a few of the benefits available to new and existing industries. Bennington's "big box" development is mostly confined to the Northside Drive and Kocher Drive corridor in the northern portion of town.

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s): 081.0000142

    Vermont

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