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With a prime location right on Shelburne Rd, this single tenant restaurant space is a fantastic investment opportunity. The property already has a NNN lease in place with a scheduled rent increase set for April 1st 2022. Current rental income is $48,000 and will increase to $54,000. Taxes have been included in calculating the NOI of $40,109.10. At our asking price, the property has a very attractive Cap Rate of 7.3%. The space underwent a full scale remodel in 2018, which included a new entrance, bathrooms, bar, server station, floor plan, flooring, paint job, booths, and light fixtures. The space was additionally outfitted with high end furniture, paintings, glassware, silverware, and a full line of kitchen equipment. All of the restaurant equipment is owned with the building and leased to the current tenant.

More Info

Basic Information

  • StatusPEN
  • Modification Date11/09/2021
  • TypeHospitality, Investment
  • List Price$550,000
  • Broker NameEXP Realty
  • Listing Agent NamePhineas Wish
  • Lister Office NameEXP Realty
  • MLS Number4888656
  • MLS StatusPending

Location

  • Building Number3182
  • StreetShelburne Road
  • TownShelburne
  • StateVT
  • Zip05482
  • CountyChittenden

Exterior

  • ExteriorVinyl

Building

  • Year Built1950
  • NumberOfUnitsInCommunity1
  • Square Feet2,754
  • Garage Spaces

Property

  • Acreage0.52
  • Property TypeCommercial Sale
  • Lot Sqft22,651

Other

  • View Count1

Map Location

Driving Directions

Listed by Phineas Wish of EXP Realty
Broker Reciprocity

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 9, 2021.

 

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