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66 Morrisville Plz

104,380 SF 100% Leased Retail Building Morrisville, VT 05661 £9,543,503 (£91/SF) 7.56% Net Initial Yield

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INVESTMENT HIGHLIGHTS

100% Occupancy - Retail Plaza with 10 tenants containing 104,380 square feet. Shadow to busy Price Chopper Supermarket,
Four (4) Free Standing Tenants, modifed NNN Leases with tenants paying everything but Structural.
Strategically located +/- 6 miles north of Stowe in the commercial/business center of Lamoille County Vermont.

Seven (7) tenants are National or Regional Credit Tenants including McDonalds, Kinney Drug, TD Bank, M&T Bank, Marshalls, Big Lots & Dollar Tree.
IN-PLACE Cap Rate of 7.56% with scheduled increases to achieve $1M NOI by 2028.
Priced substantially below replacemnt cost at less than $115 per square foot.

EXECUTIVE SUMMARY

Investment Opportunity. Retail Plaza containing 104,380 square feet. 100% Occupied by ten (10) tenants, seven of which are national or regional credit tenants that include McDonalds, Kinney Drug, TD Bank, M&T Bank, Marshalls, Big Lots & Dollar Tree, Main Plaza contains +/- 70,000 square feet. Four individual free standing buildings that are modifed NNN leases with tenant responsible for all cost but structural. In-place cap of 7.56% with scheulded increases to achieve over $1M in NOI by 2028. Shadow to busy Price Chopper Supermarket. Situated in the commercial/business center of Lamoille County Vermont - 6 miles north of Stowe. Stowe Airport located 3 miles from the property. Additional retailers in the immediate area of Morrisville Plaza include Hannaford Supermarket, CVS, Aubuchon Hardware, O'Reilly Auto Parts, Ace Hardware, Tractor Suplly, Dunkin Donuts and more. Call or email Tom Boyle at 860-649-4800 or tboyle@chozickrealty.com for futher information.