Drug Store
Rite Aid
5751 Clarkston Rd, Clarkston, MI 48348
Listing Price: $5,400,000
Investment Overview
Rite Aid occupies the 11,180 SqFt building on a corporately guaranteed double-net (NN) lease. Rite Aid of Michigan Inc. is the guarantor of the lease Rite Aid’s initial term is set to expire on January 31st, 2027. Rite Aid has four (4) five-year extension options with an average 2.56% rental increase per option.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Listing Price: $5,400,000
Investment Highlights
- 4.5+ Years Remaining on Corporately Guaranteed Lease
- Strong Real Estate Fundamentals - Drive Thru Location
- Affluent Demographics - Clarkston, Michigan
- Proximity to Interstate-75 and Various Attractions
Investment Overview
Rite Aid occupies the 11,180 SqFt building on a corporately guaranteed double-net (NN) lease. Rite Aid of Michigan Inc. is the guarantor of the lease Rite Aid’s initial term is set to expire on January 31st, 2027. Rite Aid has four (4) five-year extension options with an average 2.56% rental increase per option.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
