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Drug Store

Dark Rite Aid Ground Lease

2506 E Hill Rd, Grand Blanc, MI 48439

Listing Price: $1,100,000

Tenant Name
Rite Aid
Years Remaining On Lease
3.4
Gross SF
11,006
Guarantor
Corporate Guarantee
Rentable SF
10,880
Price/Gross SF
$99.95
Lease Type
Absolute Net
Rent Per Square Feet
$8.71

Investment Overview

This property consists of 10,880 square feet on a 1.22 acre lot on E Hill Rd in Grand Blanc, MI. Rite Aid is subject to a Ground Lease with a primary term expiring October 31, 2026. Grand Blanc is a city in Genesee County in the U.S. state of Michigan and a suburb of Flint. Grand Blanc is located in the heart of Michigan's beautiful countryside and offers plenty of opportunities for outdoor recreation, including hiking, biking, and fishing. Grand Blanc is home to several world-renowned golf courses, including Warwick Hills Golf and Country Club, which has hosted the PGA Tour's Buick Open. Overall, Grand Blanc offers visitors a mix of outdoor activities, cultural experiences, and local charm that makes it a great destination for a getaway.

Investment Highlights

  • Hard-Corner Lot Backfill or Redevelopment/Value-Add Remaining Cash Flow
  • Freestanding Building with Drive-Thru Corporate Guaranteed Signalized Intersection
  • Multiple Entrance Points Strong Traffic Counts

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Drug Store

Dark Rite Aid Ground Lease

Listing Price: $1,100,000

Tenant Name
Rite Aid
Years Remaining On Lease
3.4
Gross SF
11,006
Guarantor
Corporate Guarantee
Rentable SF
10,880
Price/Gross SF
$99.95
Lease Type
Absolute Net
Rent Per Square Feet
$8.71

Investment Highlights

  • Hard-Corner Lot Backfill or Redevelopment/Value-Add Remaining Cash Flow
  • Freestanding Building with Drive-Thru Corporate Guaranteed Signalized Intersection
  • Multiple Entrance Points Strong Traffic Counts

Investment Overview

This property consists of 10,880 square feet on a 1.22 acre lot on E Hill Rd in Grand Blanc, MI. Rite Aid is subject to a Ground Lease with a primary term expiring October 31, 2026. Grand Blanc is a city in Genesee County in the U.S. state of Michigan and a suburb of Flint. Grand Blanc is located in the heart of Michigan's beautiful countryside and offers plenty of opportunities for outdoor recreation, including hiking, biking, and fishing. Grand Blanc is home to several world-renowned golf courses, including Warwick Hills Golf and Country Club, which has hosted the PGA Tour's Buick Open. Overall, Grand Blanc offers visitors a mix of outdoor activities, cultural experiences, and local charm that makes it a great destination for a getaway.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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