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535 Main st
Fairlee, VT 05045

$1,360,000 USD

Convenience Store For Sale  •  5,400 SF

Property Details

• Property Type Convenience Store
• Total Building Size 5,400 SF
• Lot Size 0.65 AC
• Building Class C
• Year Built 2000
• Cap Rate 7.50 %
• Tenancy Single
• Zoning C

0 Transit Score

29 Walk Score

Highlights

Corporate guaranteed Absolute Triple Net (NNN) investment with ~19 years remaining on the lease with 2% annual rent escalations.

Well-positioned off of Interstate 91, which sees over 10,000 vehicles per day and runs from New Haven, CT to the Canadian border.

Average household income in Fairlee, VT, exceeds $105,000.

The average CAP rate of the remaining primary term is 9.02%, with limited gas station competition in Fairlee.

Located near Lake Morey, a popular tourist destination and golf course.

The tenant is currently partnered with 76, Valero, Exxon, Mobil, Travel Centers of America, TA Express, VP Racing, and Marathon.

Cap Rate:

7.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Gas Station and C-Store	5,400 SF	5/31/2044