Walgreens & Rite Aid 8-Store Portfolio

924 West Main Street, Fremont, MI

$16,694,500

Price

7.51%

Cap Rate

$1,254,412

NOI

Overview
Cap Rate
7.51%
NOI
$1,254,412
Building Size
88,273 sqft
Year Built
1998
Description

.

.

Highlights
  • FIRST TIME ON MARKET
  • Attractive Below Market & Non-Recourse Assumable Debt
  • Attractive Cash-on-Cash Return | Low Price Point Stores
  • Net Bond Lease Structure | Zero Landlord Responsibilities
  • Long-Term Proven Drugstores | 25+ Year Operating History
  • Prototypical Free-Standing Building Equipped W/ Drive-Thru
  • Corporate Guarantee | Walgreens Corp. | S&P Rating "BBB"
  • Corporate Guarantee | Rite Aid Corp. | 2,244 Locations Nationwide
  • Attractive Low Avg. Rent/SF (14.21) | Avg. Price/SF ($189.12)
Location