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Drug Store

Rite Aid (Dark) - Abs Net - 2 Years Remaining

804 E Winthrope Ave, Millen, GA 30442

Listing Price: $1,752,250

Cap Rate
10.00%
Tenant Name
Vacant
Years Remaining On Lease
1.8
Gross SF
11,060
Guarantor
Corporate Guarantee
Rentable SF
11,060
Price/Gross SF
$158.43
Lease Type
Absolute Net
Rent Per Square Feet
$15.84

Investment Overview

Marcus & Millichap presents for sale the Rite Aid located at 804 Winthrope Avenue in Millen, Georgia. Rite Aid has an Absolute Net lease for this building until the end of 2024. With the building being dark currently, the property has an upside opportunity for a new tenant. The location of this building is on a hard, signalized corner along the main east/west thoroughfare in Millen. Winthrope Avenue combined State Road 17 to the west and 67 to the east. On the cross streets, there are more than 7,500 vehicles per day that pass the property.

Investment Highlights

  • Rite Aid Absolute NNN Lease with ~Two Years Remaining
  • Over 11,000 Square Feet of Rentable Space
  • Building Currently Dark - Re-Tenant Opportunity
  • Located on the main Highway going through Millen - High Visibility on a Hard, Signalized Corner
  • Over 7,500 Vehicles per Day on Cross Streets

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Drug Store

Rite Aid (Dark) - Abs Net - 2 Years Remaining

Listing Price: $1,752,250

Cap Rate
10.00%
Tenant Name
Vacant
Years Remaining On Lease
1.8
Gross SF
11,060
Guarantor
Corporate Guarantee
Rentable SF
11,060
Price/Gross SF
$158.43
Lease Type
Absolute Net
Rent Per Square Feet
$15.84

Investment Highlights

  • Rite Aid Absolute NNN Lease with ~Two Years Remaining
  • Over 11,000 Square Feet of Rentable Space
  • Building Currently Dark - Re-Tenant Opportunity
  • Located on the main Highway going through Millen - High Visibility on a Hard, Signalized Corner
  • Over 7,500 Vehicles per Day on Cross Streets

Investment Overview

Marcus & Millichap presents for sale the Rite Aid located at 804 Winthrope Avenue in Millen, Georgia. Rite Aid has an Absolute Net lease for this building until the end of 2024. With the building being dark currently, the property has an upside opportunity for a new tenant. The location of this building is on a hard, signalized corner along the main east/west thoroughfare in Millen. Winthrope Avenue combined State Road 17 to the west and 67 to the east. On the cross streets, there are more than 7,500 vehicles per day that pass the property.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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