• Year Built: 1991
256 N Main St is aretail property for lease in Rutland, VT.
Market supports rents of $6.75 to $9.25/sf, NNN. Located across from US Forest Service Bldg. Site enjoys great visibility, near side street accessing Country Club. Additional 17 acres zoned commercial is available adjacent to subject property.
The indicated 10% Cap Rate uses existing rents for rented spaces and projected rent for space now occupied by owner's business, "The Wood Carte". Electrolux has served notice of intent to vacate in 2010, as has the Chamber of Commerce. Space should be re-rentable at the modified gross rents last obtained. However, no such tenancies are guaranteed.