Essex Juntion, VT - Dunkin'
$1,817,000
2 Carmichael St, Essex Junction, VT 05452
6.5
Cap Rate
118,120
NOI
Details:
Description:
• Dunkin’ operates under a newly executed 20-year master lease, providing long-term income stability
• The two-unit, drive-thru-equipped retail building is currently occupied by Dunkin’ and Phoenix Books Essex, with the latter operating as a subtenant
• The lease includes annual rent escalations, driving steady NOI growth and serving as a built-in hedge against inflation
• The property benefits from close proximity to the signalized, hard-corner intersection of VT-15 (21,600 VPD) and Billy Butler Drive (5,700 VPD)
• It is also located less than 0.2 miles from the heavily trafficked intersection of VT-15 and VT-289 (19,300 VPD), offering strong accessibility and visibility to both local residents and regional commuters
Location
Gallery
