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Off Market
1/5

Rite Aid
Chardon, OH 44024


HIGHLIGHTS

  • Rite Aid (NYSE: RAD) – Over 10 Lease Years Fixed Remaining – Single Tenant NNN Leased
  • Corporate Guaranteed by Rite Aid Corp.
  • Recent 10 Year Lease Extension – Showing Strong Commitment to the Site
  • Long Term Operating History & Proven Retail Location – Occupied the Site Since 1998
  • Passive Long Term Investment – Zero Landlord Responsibilities – Ease of Management
  • Strategic Location – Only Rite Aid/Walgreens Location within an 8 Mile Radius

OVERVIEW

We are pleased to offer to qualified investors an opportunity to purchase a single tenant NNN leased investment that is fully occupied by Rite Aid with over 10 lease years remaining on the base term. Located in Chardon, OH (~25 miles outside Cleveland, OH) the subject property comprises a 10,400 SF building and is positioned on a large 2.99 acre lot. Additionally, the subject property is the only Rite Aid/Walgreens store within 8 miles and they have occupied this site since 1998 making this a proven retail location. This is an excellent opportunity to purchase a corporate guaranteed single tenant drive-thru drug store, with over 10 lease years remaining on the base term, and zero landlord obligations.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Long Term NNN Corp Lease- Essential Retailer

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

10400

STORIES

1

YEAR BUILT

1998

SPRINKLERS

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PARKING SPACES

35

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

10-015900,10-016000,10-043600,10-163200