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Drug Store

Rite Aid

811 N Main St, Jamestown, NY 14701

Listing Price: $3,931,684

Cap Rate
8.25%
Tenant Name
Rite Aid
Years Remaining On Lease
1.6
Guarantor
Corporate Guarantee
Rentable SF
13,813
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.48

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 811 N Main Street, Jamestown, NY 14701. The site consists of roughly 13,813 rentable square feet of building space on estimated 1.54-acre parcel of land. Rite Aid is subject to a 2-year absolute triple-net (NNN) lease, which commenced December 9th, 2003. The current annual rent is $324,364 and is scheduled to increase by roughly 2.00% throughout each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Passive Income –2 Years Remaining on a Triple-Net (NNN) Lease with Four (4) –Five (5) Year Tenant Renewal Option Periods Bringing Potential Lease Term up to More Than 22 Years
  • Attractive Rental Increases Throughout Each of the Tenant Renewal 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Listing Price: $3,931,684

Cap Rate
8.25%
Tenant Name
Rite Aid
Years Remaining On Lease
1.6
Guarantor
Corporate Guarantee
Rentable SF
13,813
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.48

Investment Highlights

  • Passive Income –2 Years Remaining on a Triple-Net (NNN) Lease with Four (4) –Five (5) Year Tenant Renewal Option Periods Bringing Potential Lease Term up to More Than 22 Years
  • Attractive Rental Increases Throughout Each of the Tenant Renewal 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 811 N Main Street, Jamestown, NY 14701. The site consists of roughly 13,813 rentable square feet of building space on estimated 1.54-acre parcel of land. Rite Aid is subject to a 2-year absolute triple-net (NNN) lease, which commenced December 9th, 2003. The current annual rent is $324,364 and is scheduled to increase by roughly 2.00% throughout each of the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

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