Rite Aid

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

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PROPERTY ADDRESS

1022 GENESEE STREET, LAPEER, MI 48446

PROPERTY INFORMATION

Price:
$4,523,200
Cap Rate:
6.25%
Term Remaining:
9.75 Years Years
Year Built:
2008
Status:
Available

INVESTMENT HIGHLIGHTS

  • Absolute NNN 20 Year Ground Lease
  • 85 Surface Parking Spaces | Drive Thru Location
  • Eight, Five (5) Year Options | Variable Rent Increases Every 10 Years
  • Built-to-Suit in 2008 | Corporately Guaranteed Lease
  • Rite Aid Has Invested Over $2.5M into Building and Site Work
  • High Gross Revenue Store Sales
  • Ten Mile Population Exceeds 60,040 Residents
  • Ten Mile Average Household Income Exceeds $69,000
  • Ten Mile Median Home Value Exceeds $162,000