- Opportunity to acquire a 2-tenant retail property occupied by Chipotle and Sleep Number
- Chipotle recently signed a brand new 10-year lease, demonstrating their commitment to the site
- Sleep number has operated this location since 2014, resulting in strong occupancy
- The leases are NNN in nature, limiting expense leakage for a future investor
- Investment features fee-simple ownership of land and building
- The property is located at the signalized, hard corner intersection of Garden Street and Dorset Street, which averages 19,400 vehicles passing by daily
Investment Offering
South Burlington, VT - Chipotle & Sleep Number
205 Dorset Street | South Burlington, VT 05403
$3,171,000
Price7%
Cap Rate$222,000
NOI6,000
± SF Offering GLADescription
Location
- The subject property is located as an outparcel to University Mall, a 500,000+ square foot regional mall anchored by Kohls and Target
- Other nearby national/credit tenants include Trader Joe’s, Barnes & Noble, Walgreens, JOANN, Michaels, West Marine, Hannaford, and more
- Strong surrounding tenant synergy increases consumer draw to the immediate trade area and promotes crossover shopping to the site
Documents & Links
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 Offering Memorandum |  |  |