Rite Aid

CONTACT US REGARDING THIS LISTING

PROPERTY ADDRESS

1475 North Expressway, Griffin, GA 30223

PROPERTY INFORMATION

Price:
$2,175,388
Cap Rate:
9.0%
Term Remaining:
2+ years Years
Year Built:
2000

INVESTMENT HIGHLIGHTS

  • 10,908 SF Rite Aid Pharmacy Situated on 1.26 Acre Parcel
  • 20 Year NN Lease with Minimal Landlord Responsibilities
  • 35 Surface Parking Spaces | 175 Feet of Frontage on North Express-way | Drive Thru Location

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Rite Aid Pharmacy located at 1475 North Expressway in Griffin, GA. This twenty year NN lease has minimal landlord responsibilities and there is over two years remaining on the initial term. The lease has four, five year options with variable rent increases at each option.

The subject property has over 46,200 residents within five miles and is situated on a Walmart outparcel. The median home value within five miles exceeds $121,000 and the average household income exceeds $53,000. The subject property is located near other national retail tenants including Walmart, Hobby Lobby, Marshalls, Fred’s, Walgreens, Belk, Beall’s Outlet, PetSmart, Big Lots!, Tractor Supply Company and Regal Cine-mas.