Retail Business for Sale in Brandon, VT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brandon, VT 05733

Description

Marcus & Millichap is pleased to offer for sale the fee simple interest in a Walgreens property in Brandon, VT. The property at 1 Union Street represents a premier net-lease investment opportunity situated at a high-visibility corner in the heart of Brandon’s primary commercial district. This strategic location benefits from a prominent position at the intersection of Carver Street and Union Street, ensuring a constant flow of local and regional consumer traffic. The site is further bolstered by its proximity to established neighboring retailers, creating a "daily needs" synergy that draws from the broader Rutland County submarket. As a long-standing community staple with a proven operating history dating back to 1993, this location serves an established demographic, providing a reliable and deep customer base. Operating under a recently extended lease through March 31, 2055, Walgreens Eastern Co., Inc. continues to leverage this site’s dominant market position to maintain its status as the area’s premier neighborhood health destination. The investment offers a secure, highly passive income stream with an exceptionally competitive annual base rent of $92,000 ($7,666.66/month), providing an investor with a protected, low-basis entry point. This value is further insulated by a powerful 1.5-mile restrictive covenant, effectively granting the tenant a retail monopoly by preventing the development of competing drugstores on nearby land. Backed by a national pharmacy leader, this property combines the stability of an essential-retail tenant with the long-term upside of a 3% Gross Sales percentage rent clause. With a contractually guaranteed 8.7% rent escalation scheduled for 2035, which increases the monthly rent to $8,333.33, the asset is perfectly positioned to provide both immediate stability and long-term inflationary growth. Investment Highlights: • National Pharmacy Leader | Part of a premier network with 8,000 locations, accessible to 78% of the U.S. population. •

Market Context

This retail in Brandon, VT is listed for sale. It is offered at an approximate 11.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 53 days. Compare it against other retail listings for sale in Brandon, VT — <a href="/search/sale/retail/vermont/brandon">view the full market</a>.

As of Q4 2025, the Tampa retail market showed a 3.4% vacancy rate, and cap rates around 6.5%. Source: Consensus Q4 2025 market report.

Its 11.0% asking cap rate is above the Tampa retail market average of about 6.5%, implying a higher yield (and typically more risk or upside) than comparable assets. Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Tampa?
About 6.5% as of Q4 2025, per Consensus.
Is the Tampa retail market tightening or softening?
Vacancy is around 3.4% (Q4 2025).

Unified Estimate

Medium Confidence

$19.52/SF – $26.42/SF

Mid: $22.97/SF

Cost-of-business estimate only; rate estimator unavailable.

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