Springfield, VT - Dollar General & Sherwin Williams

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 21,064 SF retail center anchored by national, investment grade tenants, Dollar General (S&P: BBB) and Sherwin-Williams (S&P: BBB) located in Springfield, Vermont. The property also features Verizon Wireless and Riverside Restaurant, a popular eatery with a 30-year operating history. The current owner has recently invested significant capital into the property (please see page 8 for more details).

The subject property is strategically located along River Street/State Highway 106, a major retail and commuter thoroughfare. The asset is ideally situated just north of Springfield Shopping Plaza, a 165,000 SF shopping center anchored by Shaw’s and Rite Aid. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The 10-mile trade area is supported by nearly 35,000 residents and 17,000 daytime employees with an average household income of $67,319