Sold Subscription Required
| Price $7,803,131 | Built/Renov 2014 | Tenant Rite Aid |
| Cap Rate 7.22% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
17,340
| Lease Start
02-01-2014
| #Units
2,309
|
| Price/SF $450.01 | Expiration
01-31-2034
| Tenant Type Pharmacy |
| NOI $563,727 | R. Term 9.2 | Ownership Fee Simple |
| Rent/SF
$32.51
| Increases 10.0%/1/yrs | Pop 5Mi 14,911 |
| Lot/AC 1.94 | Options 6/5yrs/10% | AHHI 5Mi $90,070 |
| | |
The single tenant net leased Rite Aid property benefits from its location at the hard corner of a signalized intersection along Truck Route 543 which is a primary north-south thoroughfare. The property is positioned immediately off of Interstate 5 and is just south of the United State/Canadian border. Visibility is also supported by the Rite Aid property’s proximity to Blaine Primary,...
...Signalized intersection
Relocation store
Major thoroughfare
Income tax free state
Long operation history
Absolute NNN
Limited competition
Traded and rated company
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 : | 5,206 | 9,007 | 17,185 |
| 2023 Total Population : | 4,964 | 8,714 | 16,663 |
| 2023 Employed Civilian Pop : | 2,130 | 3,735 | 6,892 |
| 2023 Total Businesses : | 296 | 380 | 558 |
| 2023 Average Household Income : | $ 89,031 | $ 113,545 | $ 121,115 |
| 2023 Total Consumer Spending : | $ 150 M | $ 341 M | $ 738 M |
| 2023 Median Age : | 42 | 45 | 49 |
| 2023 Total Households : | 1,982 | 3,520 | 7,080 |
| 2023 Pop Age 25+: Bachelor's Degree : | 708 | 1,255 | 2,522 |
| 2023 Average Home Value : | $ 429,532 | $ 555,241 | $ 574,342 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Boblett St | Hwy 543 | 2013 | 4,222 | 0.04 mi |
| State Hwy 543 | Boblett St | 2012 | 10,000 | 0.04 mi |
| Fir Ave | Fir St | 2019 | 11,000 | 0.07 mi |
| WA 543 | Pipeline Rd | 2021 | 4,524 | 0.07 mi |
| Boblett St | Yew Ave | 2017 | 1,727 | 0.09 mi |
| Yew Ave | Boblett St | 2009 | 1,338 | 0.10 mi |
| I- 5 | Cedar St | 2017 | 9,400 | 0.14 mi |
| State Hwy 543 | H St | 2015 | 12,000 | 0.25 mi |
| Mitchell Ave | Cherry St | 2007 | 3,001 | 0.26 mi |
| WA 543 | Boblett St | 2021 | 5,443 | 0.27 mi |
Gainesville, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 10.10 yrs
Size/SF 12,900
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
