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| Price $2,369,709 | Built/Renov 1996 | Tenant Rite Aid |
| Cap Rate 8.25% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
11,325
| Lease Start
04-01-1996
| #Units
2,309
|
| Price/SF $209.25 | Expiration
03-31-2029
| Tenant Type Pharmacy |
| NOI $195,501 | R. Term 4.6 | Ownership Fee Simple |
| Rent/SF
$17.26
| Increases 5.0%/5/yrs | Pop 5Mi 40,824 |
| Lot/AC 1.11 | Options 5/5yrs/5% | AHHI 5Mi $43,418 |
| | |
This single tenant net leased Rite Aid property is positioned along Liberty Street which experiences over 11,500 vehicles per day, and is also within proximity to Interstate 80 (34,400 VPD). This Rite Aid has been operating successfully at this location since it was constructed in 1996. There are several nationally recognized tenants that neighbor the property, including O’Reilly Auto Parts,...
...New prototype
Hard corner intersection
Near major nationals
Highway location
Strong tenant synergy
Major MSA
Long operation history
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 : | 6,524 | 13,614 | 40,406 |
| 2023 Total Population : | 6,613 | 13,782 | 40,888 |
| 2023 Employed Civilian Pop : | 3,242 | 6,388 | 16,254 |
| 2023 Total Businesses : | 241 | 432 | 1,248 |
| 2023 Average Household Income : | $ 77,264 | $ 74,401 | $ 65,619 |
| 2023 Total Consumer Spending : | $ 212 M | $ 404 M | $ 1012 M |
| 2023 Median Age : | 46 | 47 | 45 |
| 2023 Total Households : | 3,141 | 6,192 | 17,558 |
| 2023 Pop Age 25+: Bachelor's Degree : | 820 | 1,634 | 4,288 |
| 2023 Average Home Value : | $ 137,281 | $ 153,120 | $ 156,167 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S Main St | Church St | 2002 | 10,280 | 0.14 mi |
| N Main St | Orchard Ave SE | 2015 | 9,437 | 0.16 mi |
| East Liberty Street | Mackey St SE | 2021 | 7,916 | 0.19 mi |
| North Main Street | E Water St | 2021 | 11,977 | 0.24 mi |
| South Main Street | Clingan St | 2021 | 6,538 | 0.27 mi |
| Stewart St SE | Furlen Ct SE | 2012 | 1,341 | 0.30 mi |
| West Liberty Street | Viola Ave | 2021 | 12,021 | 0.31 mi |
| Rebecca Ave SE | School St SE | 2012 | 1,223 | 0.43 mi |
| N Main St | Mock St SE | 2008 | 13,700 | 0.44 mi |
| Caroline Ave | School St SE | 2012 | 1,342 | 0.53 mi |
Grand Rapids, MI
Cap Rate 7.45%
Lease NN+
R. Term 4.10 yrs
Size/SF 13,792
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]
