single tenant net lease investment - vereit...price: $2,053,000 cap rate: 8.50% noi: $174,521 •...
TRANSCRIPT
Price: $2,053,000 CAP Rate: 8.50% NOI: $174,521
• Rite Aid (NYSE: RAD) - 9 Years Fixed Remaining - Single Tenant Net Leased Asset
• 6, 5 Year Options (Fixed Increases Each Option) - Inflation Hedge
• Strategic Location - Only Rite Aid/Walgreens Location within a 10+ Mile Radius
• Drive-Thru Location - Excellent Visibility & Access - Multiple Points of Ingress/Egress
• Store Sales of $1,843,000 in 2018
• Route 51 - Connects Toledo, OH with Fremont, OH
• Toledo, OH - Gross Metro Product of $35.1 Billion & Population of 603,800 Residents
• Major Universities Include: University of Toledo (20,300+ Students) and
Bowling Green State University (19,000 Students)
• Nearby Major Tenants: McDonald’s, Taco Bell, Dollar General, NAPA Auto Parts, Chevrolet Dealership
INVESTMENT HIGHLIGHTS
Jereme SnyderExecutive Vice PresidentLicense No. [email protected]
Eric CarltonExecutive Vice PresidentLicense No. [email protected]
INVESTMENT CONTACTS:
SINGLE TENANT NET LEASE INVESTMENTRITE AID (NYSE: RAD) - CORPORATE GUARANTEED
21991 State Rte 51 W | Genoa, OH | 43430
Download Offering Package
Chris SeeligSenior Vice PresidentLicense No. [email protected]