Built in 2010, this single tenant, freestanding retail property benefits from a high visibility location, just 0.25 miles from Interstate 189, within Burlington’s South End retail trade area. The property’s investment grade tenant is on an absolute-NNN lease with approximately 16.5 years remaining.
The Property serves a densely populated area, with over 55,000 residents in a 3-mile radius. The local area is saturated with office and retail space with a 100% occupancy rate within a 1-mile radius from the Property. There are over 1.5 million square feet of office and retail inventory also within this radius, making this an extremely desirable submarket location with minimal opportunity for new developments.