Aubuchon Hardware
Aubuchon Hardware | 6.50% CAP
Marketing description
Offered for sale is a net leased Aubuchon Hardware in Jeffersonville, Vermont. Addressed 4879 VT-15, Jeffersonville, Vermont 05464 and consisting of 9,150 square feet on 2.34 acres, the tenant has been in operation at this site for 20+ years and recently extended the lease by 10-years. The offering is a rare opportunity to acquire a net-leased asset backed by a strong corporate guarantee from a proven tenant in a highly coveted New England market.
Investment highlights
9+ years of primary term remain on NN lease (10-year extension Jan 1, 2025) with four, five-year options thereafter
3% rental increases annually through the primary term and option periods
Tenant is responsible for all real estate taxes, insurance, utilities and maintenance including HVAC (LL responsible for roof - 20-year warranty)
Aubuchon Hardware is the oldest family-owned and operated hardware chain in the United States (founded in 1908) - 119 locations
Affluent trade area with average household income exceeding $102,000 within a three-mile radius
The offering is ideal for a buyer in a 1031 exchange seeking a management free asset that offers true passive income
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