- For Sale $2,852,174
- Property Type Retail - Freestanding
- Property Size 2,325 SF
- Lot Size 1.1 Acre
- Property Tenancy Single Tenant
- Year Built 2024
- Date Updated Apr 1, 2025
Bennington, VT, is just 49 minutes from Albany, NY, a regional hub with a metro population of over 900,000 residents.
This proximity makes Bennington a valuable satellite market, benefiting from Albany’s economic vitality and steady consumer traffic via U.S. Route 7 and NY Route 279. Many Bennington residents work or travel to Albany for business, healthcare, and entertainment, while Albany residents frequently visit Bennington for its tourism, outdoor recreation, and retail options. Bennington’s position as a regional shopping destination for nearby Vermont towns and New York communities continues to strengthen, driven by ongoing developments like new housing projects, retail expansions, and the planned luxury resort. Its close connection to Albany ensures strong retail performance and long-term tenant success.This property offers a long-term, secure investment with a fresh 15-year lease featuring 10% rent increases every five years, including option periods. With no early termination rights, it ensures reliable financial stability. The lease is structured as NN, limiting landlord responsibilities to the roof and structure, which are supported by a 15-year transferable warranty on the TPO roofing system. Constructed in the fall of 2024 with high-quality materials, the property minimizes maintenance costs while generating income from Chipotle, an investment-grade tenant with a market cap of $65.1 billion and over 3,500 locations nationwide.
Located in Bennington, Vermont’s largest retail hub, the property benefits from prime visibility along Northside Drive (VT 7A) with 16,000 vehicles per day and neighboring national retailers like Walmart, Home Depot, and Starbucks. Recent retail developments, including Marshall’s and Harbor Freight, further enhance the area’s appeal. With a low unemployment rate of 3.0% and rising median household incomes, the local economy demonstrates resilience and growth. Proximity to major routes connecting to Albany, NY, and ongoing developments like the $54 million ‘Benn High’ Redevelopment and Southern Vermont College Luxury Resort contribute to sustained economic stability and consumer traffic.
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Highlights
- Fresh 15-year lease featuring 10% rent increases every five years, including option periods.
- Secure income stream with no early termination rights, providing long-term financial stability.
- Chipotle (NYSE: CMG) boasts a market cap of $65.1B
- Operates over 3,500 locations nationwide, demonstrating robust national presence.
- NN lease structure limits landlord responsibilities to roof & structure only, ensuring low-maintenance management.
- Brand-New, Fall of 2024 Construction: High-quality materials and updated systems reduce the likelihood of major structural expenses for the foreseeable future.
- TPO Roofing System (15-Year Transferrable Warranty): Estimated useful life of 20–30 years, with replacement costs of approximately $9–$12 per square foot, making maintenance costs negligible compared to corporate-backed income.
- Bennington is Southern Vermont’s largest retail hub, drawing consumers from neighboring New York and Massachusetts.
- Northside Drive (VT 7A) serves as a regional shopping destination, providing consistent consumer traffic.
- Surrounded by top-tier national retailers like Walmart, Home Depot, Aldi, CVS, McDonald’s, Starbucks, KFC and Burger King.
- New retail openings such as Marshall’s and Harbor Freight, along with a $3.2 million interior remodel at Walmart, further strengthen the area’s retail appeal.
- Strategically positioned along Northside Drive (VT 7A), a dominant retail artery with 16,000 vehicles per day (VPD) ensuring strong visibility.
- Directly adjacent to McDonald’s, benefiting from shared traffic flow and full access, boosting consumer activity and convenience.
- Proximity to U.S. Route 7 and NY Route 279, providing a direct connection to Albany, NY (49 minutes away), enhancing Bennington’s status as a satellite market.
- Low Unemployment Rate: As of December 2024, Bennington County’s unemployment rate stood at 3.0%, 27% below the national average.
- Rising Median Household Income: From 2021 to 2022, the median household income in Bennington County increased by 7.2%, while the national median decreased by 2.3%, highlighting stronger economic resilience.
- New Developments: The $54M ‘Benn High’ Redevelopment, Bradford Mill Workforce Housing Project, and Southern Vermont College Luxury Resort (366 acres) further enhance economic growth and consumer traffic.
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Contacts
Location
Getting Around
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Walk Score ®
54/100
Somewhat Walkable
-
Bike Score ®
46/100
Somewhat Bikeable
Powered by Walk Score ®
- City Bennington, VT
- Zip Code 05201
Points of Interest
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Shell
0.04 miles
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Cumberland Farms
0.07 miles
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Apollo Fuels
0.20 miles
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Citgo
0.28 miles
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Irving
0.83 miles
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Mobil
1.12 miles
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Stewart's
1.32 miles
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Gulf
3.15 miles
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Cart Corral
0.29 miles
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Public Parking
0.95 miles
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One World Conservation Center
2.31 miles
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Our Lady of Lourdes Church Parking Lot
7.23 miles
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Pine Valley Parking Lot
7.62 miles
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Red Mill Pond
8.90 miles
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McDonald's
0.07 miles
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Fuji Hibachi, Sushi and Asian Bistro
0.31 miles
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Burger King
0.32 miles
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The Grille at Mt Anthony Country Club
0.32 miles
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Pizza Hut
0.43 miles
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Dunkin' Donuts
0.47 miles
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Tastee Freez
0.55 miles
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Jensen's
0.66 miles
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The Blue Benn
0.75 miles
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Subway
0.90 miles
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ALDI
0.13 miles
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Target
0.29 miles
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Walmart Supercenter
0.47 miles
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Price Chopper
0.53 miles
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Hannaford
1.29 miles
Frequently Asked Questions
How much does Chipotle cost?
The space currently listed for sale at Chipotle asks for $2,852,174.
What is the total square footage of Chipotle?
Chipotle totals 2,325 square feet.
When was this property built?
Chipotle was built in 2024.
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Contact Listing Broker
Passov Real Estate Group
