230 N Main St, Rutland, VT 5701 - shopping center property

Detailed information about shopping center property which situated in Rutland (5701) city, Vermont state on 230 N Main St.
Rutland City is the hub for 63,000 people in southwest-central Vermont. Rutland City & Town combine for a population of roughly 21,000. That ranks it 2nd in the state behind Burlington (39,000) and its suburbs: Essex (19,500), South Burlington (17,600) and Colchester (17,400), Williston (8,300) and Winooski (6,400). Greater Burlington has a population of about 110,000.

Additional Information: Exceptional Retail/Office Plaza with 4 bldgs with over 24,000 sf gross leasable area and plenty of parking on just under 4 acres. Front Bldg #1 with slate facade is 9,408 sf on one floor; northwest corner bldg #2 with 3,149 sf (1,968 sf on 1st floor + 1,181 sf loft area); middle-north bldg #3 has 5,376 sf (2,688 sf 1st floor + 2,688 sf 2nd floor); and rear bldg #4 has 6,784 sf (3,584 sf on 1st floor + 3,200 sf on 2nd floor). Additional acre of land fenced in at rear available for sale or ground lease. Stated Cap Rate is based upon lease-up at an average rent of $8.00/sf, NNN, using a 10% vacancy factor. Current asking rents average $8.75/sf, NNN.