Rite Aid

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Joseph Werner

Senior Advisor

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PROPERTY ADDRESS

337 NORTH STATE RD., OTISVILLE, MI 48463

PROPERTY INFORMATION

Price:
$1,570,040
Cap Rate:
7.50%
Term Remaining:
7+ years Years
Year Built:
1995
Status:
Available

INVESTMENT HIGHLIGHTS

  • 10 Year Recently Extended NN Lease with Minimal Landlord Responsibilities
  • Six (6) Five Year Options to Renew
  • Rite Aid Corporate Guarantee | S&P "B" Rating
  • Ten Mile Population Exceeds 79,000 Residents
  • Five Mile Average Household Income $65,000
  • Otisville is Located in the Northeast Corner of Genesee County on the M-15 Heritage Route
  • Easy Access to Major Interstates Leading to Metro Flint and Surrounding Counties