Family Dollar - Rite Aid 4-Store Portfolio

28949 Northwestern Highway, Southfield, MI

$7,577,000

Price

7.15%

Cap Rate

$541,400

NOI

Gallery
Street
Map
Overview
Cap Rate
7.15%
NOI
$541,400
Building Size
43,502 sqft
Year Built
1998
Description

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Highlights
  • NEVER BEFORE ON MARKET
  • Attractive Below Market & Non-Recourse Assumable Debt
  • (3) Family Dollars are Double Net Leases w/ Minimal Landlord Responsibilities
  • (1) Rite Aid is a Net Bond Lease w/ Zero Landlord Responsibilities
  • Drugstore Prototype Construction | Each Location Features a Drive-Thru
  • Corporate Guarantee | NYSE: DLTR | S&P Rating "BBB"
  • Corporate Guarantee | Rite Aid Corp. | 2,244 Locations Nationwide
  • Attractive Low Avg. Rent/SF (12.45) | Avg. Price/SF ($17.72)
Location
Gallery