Rite Aid, Rocky Mount NC

Click image to start the slideshow!

There are 2 images in this gallery

Price: $2,689,000 Address: 824 West Raleigh Boulevard City: Rocky Mount Zip: 27803 Year Built: 1998 State: None Country: USA

Full Description:

Rite Aid, Rocky Mount NC

824 West Raleigh Boulevard, Rocky Mount, NC 27803

Asking Price: $2,689,000

Details

Property Type Retail

Lease Type Absolute NNN

Tenant Credit Credit Rated

Tenancy Single

Lease Term 27.2 years

Lease Commencement 01/18/1999

Lease Expiration 03/31/2026

Square Footage 11,480

Price/Sq Ft $234.23

Cap Rate 7.00%

NOI $188,230

Year Built 1998

Lot Size (acres) 1.89

Ownership Fee Simple

This is a long term NNN leased Rite Aid opportunity. The property is subject to a long term lease which began in 1999 and runs through 2026. The lease is at in the initial term with a 15% bump in the first option, and 2.5% bumps in each subsequent option. There are four 5-year renewal options beyond the initial term. The property is well-situated on a major retail corridor surrounded by national retailers including Family Dollar, Piggly Wiggly, Dollar General, Hardees and Kangaroo Express.

INVESTMENT HIGHLIGHTS

Absolute NNN Lease

Established Tenancy at this Location

Located on a Major Commercial Thoroughfare

Recently Extended Lease

Zero Landlord Obligations

Go to street view!

Courtesy of: WOLFGANG SCHWARZ - Information available through the Multiple Listing Service (MLS) believed accurate is not warranted.

Miscellaneous

Status: Active Lot Size: 1,89 Square Feet: 11,480Waterfront: no

Neighborhood Links

Agent Info

Home id:366 - Listed by: Wolfgang Schwarz (Contact agent) (All listings from this agent)
homePhone: 305 - 674 1800 - cellMobile: 305 - 934 7352 - faxFax: 305 - 604 5699
Homepage: http://www.us-schwarz.com

Rite Aid, Rocky Mount NC

Full Description:

Miscellaneous

Neighborhood Links

Agent Info

Listings within 50 Mile(s) of Rite Aid, Rocky Mount NC

Meta