net lease investment opportunity · 2017-08-30 · portfolio overview portfolio overview: net lease...
Post on 24-Jul-2020
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RITE AID PHARMACY PORTFOLIO – Four Properties Available on an Individual or Portfolio Basis
Canton, OHCleveland, OH
NET LEASE INVESTMENT OPPORTUNITY
Brunswick, OH Pottstown, PA
PORTFOLIO OVERVIEW
PORTFOLIO OVERVIEW:
NET LEASE INVESTMENT OFFERING
Lease Term: 3 Years
Lease Commencement Dates: December 11, 1998
Lease Expiration Dates: December 31, 2020
Year Built: 1998
Lease Type: Absolute NNN – No Landlord Responsibilities
Renewal Options: Two 5-Year
Tenant: Rite Aid Pharmacy
LeaseExpiration Building Lot Cap Property
City State Date Size (SF) Size (SF) NOI Rate Price Link Status
Pottstown PA December 31, 2020 10,752 SF 1.06 Acres $281,370 8.75% $3,215,657 View OM Available
Cleveland OH December 31, 2020 10,752 SF 1.58 Acres $275,560 8.75% $3,149,257 View OM Available
Canton OH December 31, 2020 11,385 SF 1.37 Acres $251,905 8.75% $2,878,914 View OM Available
Brunswick OH December 31, 2020 13,500 SF 1.76 Acres $248,170 8.75% $2,836,229 View OM Available
46,389 SF 5.77 Acres $1,057,005 8.75% $12,080,057
PORTFOLIOOVERVIEW:
PORTFOLIO OVERVIEW
NET LEASE INVESTMENT OFFERING
TENANT OVERVIEW
TENANT OVERVIEW:
NET LEASE INVESTMENT OFFERING
Rite Aid PharmacyRite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also offers health coaching, shared decision making tools, and health care analytics, including health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services. The company offers its products to customers covered by third party payers, such as insurance companies, prescription benefit management companies, government agencies, private employers, and other managed care providers. It has a strategic alliance with GNC.
Rite Aid Corporation operated more than 4,600 stores in 31 states of the United States, and the District of Columbia. Rite Aid Corporation was founded in 1962 and is headquartered in East Pennsboro Township, Pennsylvania. Rite Aid is publicly traded on the New York Stock Exchange using the symbol “RAD”.
Website: www.riteaid.comFounded: 1962Number of Locations: 4,600+Stock Symbol: RAD (NYSE)Standard & Poor’s Rating: BHeadquarters: East Pennsboro Township, Pennsylvania
PHOTOGRAPHS
NET LEASE INVESTMENT OFFERING
Brunswick, OH
Canton, OH
Pottstown, PA
Cleveland, OH
666 Dundee Road, Suite 1801Northbrook, IL 60062
www.bouldergroup.com
Randy BlanksteinPresident847.562.0003randy@bouldergroup.com
John FeeneyVice President847.562.9280john@bouldergroup.com
Canton, OHCleveland, OH
Brunswick, OH
Pottstown, PA
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