South Burlington, VT - Chipotle & Sleep Number

Description:

• 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

• 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