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| Price $5,169,758 | Built/Renov 2007 | Tenant Rite Aid |
| Cap Rate 8.25% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
14,564
| Lease Start
02-01-2007
| #Units
2,309
|
| Price/SF $354.97 | Expiration
01-31-2028
| Tenant Type Pharmacy |
| NOI $426,505 | R. Term 2.9 | Ownership Fee Simple |
| Rent/SF
$29.28
| Increases 3.0%/4/yrs | Pop 5Mi 184,917 |
| Lot/AC 2.23 | Options 6/5yrs/3% | AHHI 5Mi $51,109 |
| | |
This single tenant net leased Rite Aid property benefits from its position along East Avenue, which leads to the center of Tallmadge and experiences more than 112,722 vehicles per day, and its close proximity to Interstate 76 (69,952 VPD). The local trade area is supported by a number of nationally recognized tenants that neighbor the Rite Aid property, including ALDI, Giant Eagle, Save-A-Lot,...
...In location for years
Near major nationals
Freeway close
Strong tenant synergy
Dense 100M+ pop 5 mi
Top 100 MSA
Long operation history
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Rite Aid Corporation is one of the leading drugstore chains in the United States. It was founded in 1962 in Scranton, PA under the name Thrift D Discount Center. Rite Aid adopted its current name...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,136 | 59,465 | 182,345 |
| 2023 Total Population : | 5,243 | 60,267 | 184,600 |
| 2023 Employed Civilian Pop : | 2,635 | 29,598 | 88,462 |
| 2023 Total Businesses : | 332 | 1,789 | 6,409 |
| 2023 Average Household Income : | $ 96,903 | $ 77,042 | $ 73,928 |
| 2023 Total Consumer Spending : | $ 206 M | $ 1766 M | $ 5171 M |
| 2023 Median Age : | 49 | 43 | 40 |
| 2023 Total Households : | 2,458 | 26,284 | 80,158 |
| 2023 Pop Age 25+: Bachelor's Degree : | 923 | 7,854 | 23,824 |
| 2023 Average Home Value : | $ 224,881 | $ 188,574 | $ 180,641 |
Jackson, MS
Cap Rate 8.27%
Lease Abs NNN
R. Term 9.80 yrs
Size/SF 12,012
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
