Rite Aid

CONTACT US REGARDING THIS LISTING

Richard G. Ludwig

Senior Director

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PROPERTY ADDRESS

25050 Allen Rd., Woodhaven, MI 48183

PROPERTY INFORMATION

Price:
$5,714,932
Cap Rate:
7.25%
Term Remaining:
10+ years Years
Year Built:
2008
Status:
Available

INVESTMENT HIGHLIGHTS

  • 10+ Years Remaining on Lease
  • Absolute NNN Lease
  • Full Corporate Guarantee
  • Six, 5 Year Options to Renew
  • 10% Rental Increases in 21st and 31st Year of Lease
  • Assumable Non-Recourse Loan
  • 10.75% Projected Average Return with Current Financing (first 6 years)