231 N. Main Street is an office property for lease in Rutland, VT.
US Forest Service has been the sole tenant of this property for the past 17+ years. Currently in the 2nd yr of a 5-yr renewal term, under a modified gross lease. Indicated Cap Rate assumes a 7.5% vacancy rate and includes funding a 2.5% capital reserve annually. A good 1031 Exchange replacement property on US 7, the main North-South highway through Rutland, VT, up and down the western half of the state.
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- Michael Rivard, agent and Rofo Pro