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Drug Store

Rite Aid

201 Washington Blvd, Belpre, OH 45714

Listing Price: $3,845,736

Cap Rate
6.15%
Tenant Name
Rite Aid
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
11,180
Lease Type
Double Net
Rent Per Square Feet
$21.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 201 Washington Blvd., Belpre, OH 44413. The site consists of roughly 11,180 rentable square feet of building space on estimated 1.81-acre parcel of land. Rite Aid is subject to a 4.9-year double-net (NN) lease, which commenced October 20th, 1998. The current annual rent is $236,512 and is scheduled to increase by 13.50%, 2.08%, 2.04%, 2.00%, 1.96% and 1.92% throughout each of the Six (6), five (5)-year tenant renewal option periods.

Investment Highlights

  • 4.9 Years Remaining on a Double Net (NN) Lease with Six (6) –Five (5) Year Tenant Renewal Option Periods, Bringing Potential Lease Term up to More than 34.5 Years
  • Six (6) Rental Increases During 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

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $3,845,736

Cap Rate
6.15%
Tenant Name
Rite Aid
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
11,180
Lease Type
Double Net
Rent Per Square Feet
$21.15

Investment Highlights

  • 4.9 Years Remaining on a Double Net (NN) Lease with Six (6) –Five (5) Year Tenant Renewal Option Periods, Bringing Potential Lease Term up to More than 34.5 Years
  • Six (6) Rental Increases During 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 201 Washington Blvd., Belpre, OH 44413. The site consists of roughly 11,180 rentable square feet of building space on estimated 1.81-acre parcel of land. Rite Aid is subject to a 4.9-year double-net (NN) lease, which commenced October 20th, 1998. The current annual rent is $236,512 and is scheduled to increase by 13.50%, 2.08%, 2.04%, 2.00%, 1.96% and 1.92% throughout each of the Six (6), 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

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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