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Drug Store

Rite Aid with Drive-Thru

5751 Clarkston Rd, Clarkston (Detroit MSA), MI 48348

Listing Price: $4,951,000

Cap Rate
8.50%
Tenant Name
Rite Aid
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
11,180
Lease Type
Double Net
Rent Per Square Feet
$37.64

Investment Overview

Marcus & Millichap is pleased to present the Rite Aid in Clarkston, MI.

Investment Highlights

  • 5+ Years Remaining with Increases Beginning in Each Option Period
  • Corporate Guaranty (NYSE: RAD), Fortune 500 Company with 2,464 Locations
  • Classified Nationally as an Essential Business, 12% Year-Over-Year Increase in Revenue
  • All-Brick Construction with a Drive-Thru, Limited Landlord Responsibilities
  • Serving Over 82,500 Residents in a Growing and Affluent Trade Area
  • Average Household Income Exceeds $132,000 within 3 Miles and $114,000 within 5 Miles

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Listing Price: $4,951,000

Cap Rate
8.50%
Tenant Name
Rite Aid
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
11,180
Lease Type
Double Net
Rent Per Square Feet
$37.64

Investment Highlights

  • 5+ Years Remaining with Increases Beginning in Each Option Period
  • Corporate Guaranty (NYSE: RAD), Fortune 500 Company with 2,464 Locations
  • Classified Nationally as an Essential Business, 12% Year-Over-Year Increase in Revenue
  • All-Brick Construction with a Drive-Thru, Limited Landlord Responsibilities
  • Serving Over 82,500 Residents in a Growing and Affluent Trade Area
  • Average Household Income Exceeds $132,000 within 3 Miles and $114,000 within 5 Miles

Investment Overview

Marcus & Millichap is pleased to present the Rite Aid in Clarkston, MI.

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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