Rite Aid - Freestanding FOR SALE


Atco, NJ 08004
$8,750,000 USD
949-903-3399
Rite Aid, Atco, NJ for Sale
$8,750,000 USD
Freestanding - FOR SALE
1/8
null | 7.81% Cap Rate

Rite Aid
Atco, NJ 08004


HIGHLIGHTS

  • Proven Portfolio of Absolute NNN Corporate Leases by Rite Aid, Inc. (NYSE: RAD) - 7+ Yrs. plus Options
  • Geographically Diversified Portfolio - RARE Northeast/Pacific Northwest NNN Assets - Strong Sales
  • Double Digit Year 1 Leveraged Cash on Cash Return of 10.21% - Attractive in-place Loan (Market Terms)
  • Fee Simple & Leasehold Combination Ownership - Depreciable Assets - Zero LL Duties - 10% Rent Bumps
  • Excellent Signalized Hard Corner Locations - Large Parcel Size (2.16 acres/1.67 acres) - Hyper Dense Sites

OVERVIEW

We are pleased to offer to qualified investors an opportunity to purchase two single tenant absolute NNN leased investments fully occupied by Rite Aid with approximately 6.5 years fixed remaining on the base term for each location. Offered as a portfolio, this is an excellent opportunity to purchase two single tenant drug stores on absolute NNN leases, that provides a 10.05% cash-on-cash return year 1 and zero landlord obligations.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$706 USD /SF

CAP RATE

7.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

NNN Lease- Urban Infill Site- Proven Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

PHB

APN/PARCEL ID

35-00403-0000-00002

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.