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| Price $3,347,000 | Built/Renov 2001 | Tenant Rite Aid |
| Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
11,002
| Lease Start
07-22-2008
| #Units
1,690
|
| Price/SF $304.22 | Expiration
07-03-2028
| Tenant Type Pharmacy |
| NOI $225,885 | R. Term 3.10 | Ownership Fee Simple |
| Rent/SF
$20.53
| Increases 10.0%/4/yrs | Pop 5Mi 60,156 |
| Lot/AC 1.17 | Options 8/5yrs/10% | AHHI 5Mi $95,239 |
| | |
Rite Aid is strategically located at the signalized, hard corner intersection of Central Avenue and Oak Street, with a combined daily traffic count of 22,522 vehicles passing by. It stands directly across the street from Wentworth-Douglass Express Care, a department of the main hospital. This location is blocks away from downtown Dover, which boasts a bustling commercial area with numerous...
...Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Top 100 MSA
Affluent suburb location
Income tax free state
Absolute NNN
Traded and rated company
Investment grade tenant
Rite Aid Corporation (OTC: RADCQ) is a leading American drugstore chain. Rite Aid stores offer an array of health products as well as basic healthcare services. It was founded in 1962 in...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 9,989 | 33,056 | 61,523 |
| 2023 Total Population : | 9,665 | 32,421 | 60,706 |
| 2023 Employed Civilian Pop : | 6,293 | 18,980 | 33,891 |
| 2023 Total Businesses : | 838 | 1,838 | 2,766 |
| 2023 Average Household Income : | $ 106,258 | $ 115,266 | $ 117,244 |
| 2023 Total Consumer Spending : | $ 454 M | $ 1470 M | $ 2642 M |
| 2023 Median Age : | 35 | 38 | 40 |
| 2023 Total Households : | 4,900 | 14,708 | 26,139 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,487 | 7,244 | 12,387 |
| 2023 Average Home Value : | $ 404,294 | $ 407,101 | $ 397,312 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Oak St | PkSt | 2021 | 7,546 | 0.04 mi |
| Oak Street | Floral Ave | 2022 | 6,540 | 0.04 mi |
| Ash Street | Central Ave | 2019 | 562 | 0.05 mi |
| Central Ave | Oak St | 2020 | 17,748 | 0.05 mi |
| Oak Street | Oak Ter | 2018 | 8,936 | 0.06 mi |
| Oak Street | Oak Ter | 2019 | 8,062 | 0.06 mi |
| Reservoir St | Oak St | 2020 | 477 | 0.06 mi |
| Coolidge Ave | Pearl St | 2020 | 477 | 0.09 mi |
| Pearl St | Park St | 2020 | 477 | 0.09 mi |
| Central Avenue | Brick Rd | 2019 | 21,029 | 0.10 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
