- Rite Aid recently executed a 10-year lease extension with rental increases in the primary term and extension options, including a 13.3% increase at the first extension option.
- 25 years of operations with strong customer base. No other standalone national retail pharmacies within a 3-mile radius.
- Solid employment base within a 7-mile radius including General Motors, University of Michigan, Hurley Medical Center and Mott Community College.
Available properties
- Absolute net lease with 10% increases every 10 years in the options, located 3.5 mi NW of Downtown Manchester and is the 2nd busiest Rite Aid in a 15-mi radius.
- One block from Shaw's Plaza anchored by Big Lots, Dollar Tree and Planet Fitness. Major employers in the area include Catholic Medical Center and Saint Anselm College.
- Area demos include 133,768 residents with a median HH income of $67,149 within a 5-mi radius.
- Former Walgreens building for sale available for owner/user or redevelopment.
- In the heart of Woodruff on Hwy 221/Main Street across from city hall, library and fire department.
- Within 1 mile of Woodruff High, Woodruff Middle and Woodruff Elementary with total of 2,152 students.
- Near Michelin’s largest North America distribution center and only BMW assembly facility in the US.
- Absolute Net Lease with ±8.5 years remaining.
- Across from a Rite Aid and there is no other stand-alone national brand drugstore for 11 miles.
- MyMichigan Medical Center with 96 Beds is located across the street.
- Three senior housing communities within one mile of Walgreens.
- Unique owner/user or redevelopment opportunity to purchase a freestanding retail building located a mile west of Ring Central Coliseum, less than 5 miles from the San Francisco Bay and 18 miles west of Downtown San Francisco.
- Walgreens is currently occupying the space and will be vacating the store at the end of July 2021. This building is highly visible along International Blvd. with traffic of 26,800 VPD with drive through and gated parking lot.
- The subject property is located within a dense infill area of Oakland with ±404,036 residents in a 5-mile radius and income of ±$111,115 in a 5-mile radius.
- Store is dark but will produce over $2,000,000 of income over the remaining 6.5 years of lease term. Lease buyout is available from Walgreens. Landlord is also open to sublease the building.
- Property can be purchased free and clear of debt or by a debt assumption.
- Highly visible Hwy- 18 and just 5 miles E of I-15. Highway 18 is the main thoroughfare through Apple Valley, part of San Bernardino County.
- One block from Apple Valley Town Hall, Civic Center Park, Apple Valley Police Department, the Apple Valley Conference Center and the San Bernardino County Library
