Drug Store
Rite Aid
100 Conhocton St, Corning, NY 14830
Listing Price: $4,575,612
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 100 Conhocton Street, Corning, NY 14830. The site consists of roughly 13,813 rentable square feet of building space on estimated 2.10-acre parcel of land. Rite Aid is subject to a 7.5-year absolute triple-net (NNN) lease, which commenced October 23rd, 2003. The current annual rent is $274,536 and is scheduled to increase by 21.77%, 2.07%, 2.02%, and 1.98% throughout each of the four (4), five (5)-year tenant renewal option periods.
Rite Aid
Investment Highlights
- Passive Income –Over 7.5 Years Remaining on an Absolute Triple-Net (NNN) Lease with Four (4) –Five (5) Year Tenant Renewal Option Periods Bringing Potential Lease Term up to More Than 27 Years
- Attractive Rental Increases Throughout Option Periods
- Corporate Guarantee –Lease Corporately Guaranteed by Rite Aid, the 3rdLargest Retail Pharmacy, Health and Daily Living Destination in the U.S.
Exclusively Listed By
Listing Price: $4,575,612
Investment Highlights
- Passive Income –Over 7.5 Years Remaining on an Absolute Triple-Net (NNN) Lease with Four (4) –Five (5) Year Tenant Renewal Option Periods Bringing Potential Lease Term up to More Than 27 Years
- Attractive Rental Increases Throughout Option Periods
- Corporate Guarantee –Lease Corporately Guaranteed by Rite Aid, the 3rdLargest Retail Pharmacy, Health and Daily Living Destination in the U.S.
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 100 Conhocton Street, Corning, NY 14830. The site consists of roughly 13,813 rentable square feet of building space on estimated 2.10-acre parcel of land. Rite Aid is subject to a 7.5-year absolute triple-net (NNN) lease, which commenced October 23rd, 2003. The current annual rent is $274,536 and is scheduled to increase by 21.77%, 2.07%, 2.02%, and 1.98% throughout each of the four (4), five (5)-year tenant renewal option periods.
Exclusively Listed By
