Rite Aid

Highlights:

• Long-Term NN Lease with 11+ Years Remaining
• Strong Commitment to Site with Over 16 Years at This Location
• Six, 5-Year Options with Increases in Each Option
• Rare Rental Escalation in Primary Term | Next Rent Increase in March 2029
• Positioned at the Signalized Intersection of Rawsonville Rd and Huron River Drive
• Excellent Visibility with Frontage Along Rawsonville Rd Which Has Over 35,600 Vehicles Per Day
• Located in Close Proximity to I-94 With 107,000+ VPD
• Extremely Strong Performing Store with Heavy Foot Traffic at Site
• Corporate Guarantee | NYSE: RAD | Over 2,280 Locations
• Less Than 1 Mile From the Ford Rawsonville Plant | 1.7 Million SF Facility with Over 680 Employees

Description:

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Belleville is a western suburb of Metro Detroit located on the peninsular shores of Belleville Lake in Wayne County, Michigan. Belleville Lake is six miles long and covers over 1,000 acres. The City of Belleville is situated on the south shore of the Lake, offering 1.5 miles of lake frontage. Belleville is located in the center of Van Buren Township, just minutes from the I-94 Belleville exit and across Belleville Bridge over the largest inland lake in Wayne County. The Belleville Area includes the City of Belleville, the Charter Township of Van Buren and Sumpter Township, and is home to over 40,000 residents.

The city is 18 miles southeast of Ann Arbor and 20 miles southwest of Detroit. Belleville is located just south of Interstate 94 and is surrounded by Van Buren Township. The proximity to Belleville Lake and favorable location along the I-94 corridor between Detroit Metro Airport and Ann Arbor make Belleville the ideal place to live and work. The city also hosts a planned industrial park along the rail road corridor. Belleville hosts the annual National Strawberry Festival, which is held over three days in the third weekend of June.

Wayne County is the most populous county in the state of Michigan. As of 2020, the United States Census placed its population at 1,793,561 making it the 19th-most populous county in the United States. The county seat is Detroit. The county was founded in 1796 and organized in 1815. Wayne County is included in the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area. Detroit is the largest city in the state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at the 2020 census, making it the 27th-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area, and the 14th-largest in the United States. Regarded as a major cultural center, Detroit is known for its contributions to music, art, architecture and design, in addition to its historical automotive background. Time named Detroit as one of the fifty World's Greatest Places of 2022 to explore.