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Rite Aid / O'Reilly Auto Parts NNN
3874 Washington Road, Augusta, GA 30907
Last Verified 2/1/2012
Listing ID 16163541
Highlights
Already subleased to O'Reilly Auto Parts
Highest Traffic Counts in Augusta
Hard Signaled Corner of 2 busiest roads
Description
The quality of this property as a retail location in a high-end growing community is outstanding. When Rite Aid bought out Eckerd this store was subleased to O' Reilly Auto Parts who is also a very good quality tenant. Because the space was subleased very easily it speaks on just how great the quality of the site is.
Rite Aid Corporation is one of the nations leading drugstore chains with more than 5,000 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts and approximately 116,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly tradd on the New York Stock Exchange under the ticker RAD.
The nearby retail is very extensive and consist of several power centers to include a Wal-Mart, Home Depot, Lowes, and several other major retailers.
This investment offers the certainty of a great location, excellent traffic counts, great demographics with a growing and vibrant local economy. Augusta has grown significantly in the last 20 years, as has much of the surrounding areas. Despite economic downturn Augusta has remained strong due to their employment base found in Augusta's "4 M's"; Its Military Community, Fort Gordon, Its Manufacturing Base with many manufacturing companies and jobs, its Medical Community with School of Nursing, Dentistry and Medical College, as well as the enormous cash injection annually with the Masters Golf Tournament.
Actual
2009
$1,956,364
$195,636
Map of 3874 Washington Road, Augusta, GA 30907 (Columbia County)
Created 3/24/2009
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Additional Information for 3874 Washington Road, Augusta, GA 30907
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P