Starbucks-Anchored NNN Strip | Burlington MSA
Blue West Capital is pleased to offer fee simple ownership (land and building) of Shops at Colchester, a 2019-built, 6,380 SF multi-tenant strip that is 100% leased to Starbucks, Verizon, Great Clips, and EastRise Federal Credit Union. All four tenants are on triple-net (NNN) leases with 10% rental increases every five years and renewal options remaining, producing $275,343 in current NOI with limited landlord responsibilities. Two of the four leases are corporate-backed: Starbucks (NASDAQ: SBUX; S&P: BBB+) and Eastrise Federal Credit Union.
The strip is strategically positioned at a signalized hard corner at Roosevelt Highway / US-7 (23,000+ VPD) and Lower Mountain View Drive, with direct on- and off-ramp access to Interstate 89 (39,000+ VPD). It sits as an outparcel to the 187-room Hampton Inn and one block from the only Costco Wholesale in Vermont, within a dense retail corridor that includes CVS Pharmacy, Walgreens, McDonald's, Burger King, Dunkin', and Subway.
