Rite Aid
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Download Property InformationPROPERTY ADDRESS
402 POINTE TREMBLE ROAD, ALGONAC, MI 48001
PROPERTY INFORMATION
Price:
$1,450,000
Cap Rate:
9.01%
Term Remaining:
5 years Years
Year Built:
1998
Status:
Available
INVESTMENT HIGHLIGHTS
- 11,180 SF Rite Aid Store Situated on Large 2.0 Acre Parcel
- 5 Year Recent Renewal | NN Lease with Minimal Landlord Responsibilities
- Five, Five Year Options Remaining
- Corporate Guaranteed Lease | Rite Aid S&P Rated “B”
- Drive Thru Location | 79 Surface Parking Spaces
- Located along Pointe Tremble Road (8,000 VPD)
- One Half Mile From Algonac Harbour Club - One of the Largest Deep Water Marinas Accessible by the Great Lakes
- 10 Mile Population Exceeds 27,600 Residents
- Average Household Income Exceeds $68,000 Within 10 Miles