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| Price $6,740,286 | Built/Renov 2009 | Tenant Rite Aid |
| Cap Rate 8.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,873
| Lease Start
03-06-2009
| #Units
2,309
|
| Price/SF $453.19 | Expiration
03-31-2029
| Tenant Type Pharmacy |
| NOI $589,775 | R. Term 4.4 | Ownership Fee Simple |
| Rent/SF
$39.65
| Increases 10.0%/6/yrs | Pop 5Mi 145,472 |
| Lot/AC 1.73 | Options 5/5yrs/10% | AHHI 5Mi $56,034 |
| | |
This single tenant net leased Rite Aid property is positioned at the signalized intersection along Hamilton Street, which is the area’s retail corridor and experiences more than 19,560 vehicles per day. There are a number of nationally recognized tenants that support the immediate retail area, those of which include Walmart Supercenter, Wegmans, Tractor Supply Company, Big Lots, McDonald’s and...
...Signalized intersection
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Long operation history
Absolute NNN
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 : | 6,997 | 16,194 | 19,853 |
| 2023 Total Population : | 7,039 | 16,079 | 19,762 |
| 2023 Employed Civilian Pop : | 3,325 | 7,931 | 9,813 |
| 2023 Total Businesses : | 230 | 776 | 896 |
| 2023 Average Household Income : | $ 86,265 | $ 83,796 | $ 86,891 |
| 2023 Total Consumer Spending : | $ 191 M | $ 483 M | $ 616 M |
| 2023 Median Age : | 32 | 38 | 40 |
| 2023 Total Households : | 2,546 | 6,610 | 8,131 |
| 2023 Pop Age 25+: Bachelor's Degree : | 869 | 2,138 | 2,599 |
| 2023 Average Home Value : | $ 203,508 | $ 210,741 | $ 212,532 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Cross St | 2021 | 598 | 0.12 mi | |
| Cross St | 2021 | 1,662 | 0.24 mi | |
| Washington St | Norwood Ave | 2019 | 4,164 | 0.26 mi |
| Washington Street | Monroe St | 2021 | 3,872 | 0.26 mi |
| Reed Street | W Washington St | 2021 | 1,366 | 0.33 mi |
| West Washington Street | Pre Emption Rd | 2021 | 2,737 | 0.39 mi |
| Pre Emption Rd | Lenox Rd | 2019 | 2,943 | 0.39 mi |
| Hamilton Street | Reed St | 2021 | 20,324 | 0.40 mi |
| Washington St | 2021 | 156 | 0.42 mi | |
| Division St | 2021 | 148 | 0.50 mi |
Chicago, IL
Cap Rate 8.22%
Lease Abs NNN
R. Term 10.90 yrs
Size/SF 10,880
Newport News, VA
Cap Rate 8.50%
Lease Abs NNN
R. Term 9.11 yrs
Size/SF 13,225
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
