Investment Highlights

Signalized Intersection | 23,000+ VPD | Large 3.6-Acre Parcel | State Route Location | Downtown Burlington 10 Min Away | Off of Major Interstate 89 – Approx. 47,000 VPD | 191,000+ Annual Visits – 40.1% Yo3Y Increase

• The CVS is located at the signalized intersection of Mountain View Drive and Roosevelt Highway, on an oversized 3.59-acre parcel. Traffic counts on Roosevelt highway exceed 23,000 vehicles per day.
• The Property is also just 10 minutes from downtown Burlington via Roosevelt Highway.
• The CVS is conveniently situated directly off of Interstate 89, the only North/South interstate running through western Vermont and also leading into Canada.
• Over 191,000 people visit the CVS annually, which is a tremendous Yo3Y rate of 40.1%.

Strong Traffic Drivers | Next to Only Costco in Vermont – 2.5 Million Visits Annually | Retail | Schools | Busiest Vermont Airport | 130-Acre Park & Campgrounds

• The CVS benefits from its close proximity to the only Costco in the State of Vermont, with the next closest Costco being over 90 miles away in Canada.
• Per Placer.ai, this Costco experiences over 2.5 million visits annually, driving additional traffic to and from the area. The Costco’s annual visit count has grown at a rate of 16.1% Yo3Y.
• CVS and Costco share the same intersection providing the CVS with additional visibility and exposure to all of Costco’s customers.
• In addition to the Costco, there are numerous other retailers, hotels, and other area traffic drivers creating stronger intrinsic value.
• The CVS is also in close proximity to numerous schools and universities some of which include:
  • Winooski High School (0.5 miles) – 200+ Students
  • St Francis Xavier School (1 mile) – 175+ Students
  • Community College of Vermont (1.5 miles) – 2,000+ Students
  • The Mill School (1.75 miles) – Opening Summer 2023
  • Saint Michael’s College (2 miles) – 1,400+ Students
  • University of Vermont (2.5 miles) – 13,300+ Students
  • Champlain College (3 miles) – 2,100+ Students
  • Union Memorial School (3.5 miles) – 240+ Students
  • Malletts Bay School (4 miles) – 450+ Students
  • Colchester Middle School (4 miles) – 500+ Students
  • Colchester High School (4 miles) – 725+ Students
• The CVS is also just 5 miles from Burlington International Airport (BTV), a joint-use civil-military airport which is the busiest airport in Vermont with an estimated 800,000+ passengers annually. The airport also serves as a Vermont Air National Guard base and Army Aviation support facility. BTV is underway of $145 million of planned investments over the next 5 years.

Strong Demographics | 58,000+ Residents | $86,000 Avg HH Income | Fastest Growing County 2010-2020 | Top 10 Happiest Cities in the U.S. | Vermont’s Lowest Unemployment Rate by County

• Within a 3-mile radius of the Property are over 58,000 residents with an approximate average household income of $86,000, providing for greater disposable income.
• Colchester is situated within Chittenden County which comprises over 25% of the state’s total population. Chittenden was also Vermont’s fastest growing county between 2010 and 2022.
• As of May 2024, Chittenden County has the lowest unemployment rate of any Vermont county at 1.6%.
• Per WalletHub, the neighboring Chittenden County cities of Burlington and South Burlington are the 10^th and 9^th happiest cities in the country, respectively, out of over 180 of the largest U.S. cities.

Absolute NNN Lease | Corporate Guarantee | Zero Landlord Responsibilities | No Rent Holiday

• The Property is subject to a long-term Absolute NNN lease with CVS which provides for zero landlord responsibilities and a completely passive investment. The lease boasts a corporate guarantee for added security.
• This particular CVS does not have a common “Rent Holiday” clause nor any decrease in rent during the 1^st two option periods.

Close Proximity to the Vermont’s Largest Employers | Corporate Headquarters, Manufacturing & Distribution Facilities | Medical and University Research Facilities and Laboratories

• The CVS is strategically positioned to capture commuters traveling to the numerous businesses located in Colchester as well as those traveling to downtown Burlington.
• Many of Vermont’s largest employers are located in Burlington and as such, any employees living in Colchester and other neighboring towns must pass directly by the CVS in order to get to/from Downtown Burlington.
• The CVS is in close proximity to major Vermont employers, such as:
  • University of Vermont (2.5 miles) – The University of Vermont, the State’s 2^nd largest employer, employs over 4,125 residents on its 451–acre campus.
  • University of Vermont Medical Center – UVMMC operates four major campuses throughout Chittenden County under the University of Vermont Health Network and is consistently ranked as Vermont’s best hospital. The Medical Center provides advanced care to an approximate one million people throughout Vermont and Northern New York. UVMCC is Vermont’s largest employer with over 8,000 employees including 1,000+ Physicians and Residents.
    • The Main Campus (2.5 miles) is on the UVM campus and features a 562-bed facility as well as Vermont Children’s Hospital and is the only Level I Trauma Center in Vermont.
    • The Fanny Allen Campus (2.5 miles) serves as the health network’s urgent care and walk-in care facility with approximately 58 beds.
    • The Clinical Research Center (0.75 miles) is one of only 78 such facilities in the U.S. and the only one in Northern New England. The facility shares its campus with the Vermont Department of Health.
    • The Tilley Drive Campus (5.5 miles) serves locals with orthopedic therapy, sports rehabilitation, and physical therapy.
  • GlobalFoundries (7.5 miles) – GlobalFoundries is the fourth largest semiconductor manufacturer in the world employees over 2,000 workers and over 800 contractors at its manufacturing plant, which also functions as its regional headquarters as well as R&D facility. GlobalFoundries is the state’s largest private employer and, in 2020, the economic activity related to the facility accounted for 1.6% of Vermont’s GDP.
  • Burton (6.5 miles) – Burton is the second largest snowboard manufacturer in the U.S. and is headquartered in Downtown Burlington.
• The Property is situated next to Water Tower Hill Business Park, which features over 530,000 Sq Ft of medical, office, and flex space and provides for consistent daily traffic to/from the Property. Water Tower Hill tenants include, but are not limited to:
  • National & Local Tenants – Morgan Stanley, New York Life, Rock 103.3, Vertek Corporation, Vermont Information Processing (Headquarters).
  • Medical – Beisiegel Orthodontics, Champlain Valley Oral Surgery, Mountain Lake Plastic Surgery, OneCare Vermont, Steep Hill Vermont (Laboratory), Vernal Biosciences (Laboratory).
  • Government –S. Customs and Immigration Services field office, USDA Natural Resources Conservation Service center.
• The Property is approximately a half-mile away from the Meadows Industrial Park, which features offices and operations for Red House Building Inc, BioField Tuning, FoodScience Corp, and a manufacturing facility for Fab-Tech Inc, among many more.
• Other companies with corporate headquarters in close proximity to the CVS include Burton and Dealer.com
• Champlain Cable operates a facility next to Meadows Industrial Park which serves as their headquarters and features R&D and manufacturing facilities.
• Other companies with manufacturing and distribution facilities in close proximity to the CVS include:
  • Preci Manufacturing – 0.5 miles (Winooski, VT)
  • Twincraft Skincare – 0.5 miles (Winooski, VT)
  • Coca-Cola – 1.25 miles (Colchester, VT)
  • Schmilk Chocolate – 1.5 miles (Colchester, VT)
  • Kria Botanicals – 1.5 miles (Colchester, VT)
  • Frito Lay – 2.5 miles (South Burlington, VT)
  • USPS – 4 miles (Essex Junction, VT)
  • Keurig Green Mountain – 4 miles (Essex Junction, VT)