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| Price $2,336,871 | Built/Renov 1996 | Tenant Rite Aid |
| Cap Rate 8.50% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
11,325
| Lease Start
11-01-1996
| #Units
2,309
|
| Price/SF $206.35 | Expiration
10-25-2026
| Tenant Type Pharmacy |
| NOI $198,634 | R. Term 2.1 | Ownership Fee Simple |
| Rent/SF
$17.54
| Increases 5.0%/3/yrs | Pop 5Mi 103,122 |
| Lot/AC 0.98 | Options 4/5yrs/5% | AHHI 5Mi $47,968 |
| | |
This net leased Rite Aid property is strategically located at the signalized, hard corner location along Belmont Ave (17,189 VPD), which is a primary north-south thoroughfare. The property is positioned just off of and can be easily accessed from Interstate 80 (50,096 VPD) and Route 711 (24,979). The nearby trade area benefits from strong tenant synergy, with tenants including Walmart...
...Signalized intersection
Major thoroughfare
Near major nationals
Dense 100M+ pop 5 mi
Major MSA
Long operation history
Favorable NN+ lease
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Rite Aid Corporation is one of the leading drugstore chains in the United States. It was founded in 1962 in Scranton, PA under the name Thrift D Discount Center. Rite Aid adopted its current name...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,518 | 41,357 | 100,613 |
| 2023 Total Population : | 5,603 | 41,872 | 102,053 |
| 2023 Employed Civilian Pop : | 2,345 | 15,232 | 41,379 |
| 2023 Total Businesses : | 305 | 2,061 | 3,509 |
| 2023 Average Household Income : | $ 62,692 | $ 53,273 | $ 56,326 |
| 2023 Total Consumer Spending : | $ 139 M | $ 807 M | $ 2180 M |
| 2023 Median Age : | 44 | 40 | 42 |
| 2023 Total Households : | 2,522 | 17,185 | 43,947 |
| 2023 Pop Age 25+: Bachelor's Degree : | 631 | 3,798 | 9,513 |
| 2023 Average Home Value : | $ 144,974 | $ 134,501 | $ 135,761 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Belmont Avenue | Crumrine St | 2021 | 16,314 | 0.04 mi |
| GYPSY LN | Northview Blvd | 2020 | 11,529 | 0.08 mi |
| Belmont Ave | Granada Ave | 2014 | 16,330 | 0.10 mi |
| E Gypsy Ln | 2019 | 13,133 | 0.10 mi | |
| Belmont Ave | Colonial Dr | 2018 | 19,899 | 0.19 mi |
| Gypsy Ln | Goleta Ave | 2019 | 12,450 | 0.19 mi |
| GYPSY LN | Crumrine St | 2020 | 11,846 | 0.19 mi |
| Roosevelt Dr | Northview Blvd | 2012 | 925 | 0.27 mi |
| Northview Blvd | Roosevelt Dr | 2012 | 849 | 0.31 mi |
| FREDERICK ST | Colonial Dr | 2020 | 4,316 | 0.32 mi |
Glen Burnie, MD
Cap Rate 9.00%
Lease Abs NNN
R. Term 5.10 yrs
Size/SF 14,490
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
