By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.
INVESTMENT HIGHLIGHTS
Long-Term, Net Lease with Attractive Scheduled 10% Rental Increase in 2027 | Kinney Drugs is operating under a net lease with limited landlord responsibilities and 8 years of base lease term remaining. This lease structure allows potential investors to acquire a passive income investment asset with long-term, stable cash flow. Additionally, the lease features a rent increase of 10% on August 26, 2027, providing investors with a built-in hedge against future inflation and a boost to the overall investment yield of the asset.
4th Largest Drug Retailer in the U.S. | Founded in 1903, Kinney Drugs has built a reputation for providing convenient, innovative, relevant, high-quality pharmacy and retail products and services. As the 4th largest chain drug retailer in the United States filling nearly 8 million prescriptions annually, Kinney’s pharmacies offer a wide array of professional services in nearly 100 locations across New York and Vermont.
Excellent Access & Visibility Along Primary Thruway (39,703+ VPD) | The Property benefits from excellent access and visibility along Shelburne Road (US Route 7). Shelburne Road sees over 39,703 vehicles per day and is the primary road connecting Shelburne to Burlington and the University of Vermont. This strategic Property positioning significantly helps to drive consumer traffic into the site and gives the underlying real estate inherent value.
Proximity to the University of Vermont & Champlain College | The Property is located about 5 miles south of the University of Vermont, a prestigious public research university that is the 5th oldest university in the entire New England region, and is home to over 12,700 students and 4,125 academic staff. Additionally, the Property is located about 4.75 miles south of Champlain College, a private college in Burlington that was founded in 1878 and today enrolls over 3,060 full-time students.
Strong Commercial Corridor Along US Route 7 | The Property is located in a strong commercial corridor along Shelburne Road (US Route 7) that is home to many national retailers who not only draw consumers into the trade area but also demonstrate the quality of the underlying real estate. Some nearby tenants of the site include; Tractor Supply Co., Dunkin’, VIP Tires, several car dealerships, Ethan Allen, Mobil, and Harbor Freight, among others.
Extremely Affluent Demographic Environment ($189,241 HHI) | The surrounding areas of the site report an affluent demographic environment. Within a 1-mile radius of the site, there is an average household income of over $189,000, and within a 5-mile radius, there is a recorded population of over 46,800.
