502 Railroad Street, Saint Johnsbury, VT 05819

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Building Details:

Great long term investment opportunity with a National Credit tenant and a 7.75% CAP Rate. A 12,000+/- SF building 100% occupied by Rite AId. This site has been a drug store since 1992 when Brooks renovated the entire building. Rite Aid acquired Brooks and sold their other location choosing to locate and stay in this "In town" high traffic/high volume location. The original lease was 10 years with Four Five year options. The tenant exercised the third 5 year option in April, 2013.
The current rent is $142,795 with NO landlord responsibilities except structural and the roof. The current owner installed a new roof with an expected 20 year life and additional insulation in 2012.