Retail Property For Sale - Rite Aid | Available Financing 10% C/C Return!

1 Carlisle Road, Westford, MA, 01886

 

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Rite Aid | Available Financing 10% C/C Return!

1 Carlisle Road, Westford, MA 01886

Attractive Financing!
  • $3,839,000
  • 15,103 SF
  • $254.19
  • Retail
  • Free Standing Bldg
  • Net Lease Investment with 10+ years left on lease
  • 8%
  • 100%
  • Single
  • 1995
  • 1.83 AC
  • Find Out More...
Last Verified  11/4/2009 Listing ID  16284231

Highlights

  • Newer Construction, New 20 Year Net Lease- Zero Landlord Obligations
  • Rite Aid completed refinancing of debt and there is no long term debt due through 2016
  • Rite Aid (NYSE: RAD) Corporate Lease w/ Scheduled 10% Increases
  • Rite Aid Corp. upgraded to Outperform by Raymond James Financial
  • Year One Cash on Cash Return is: 10%
  • Rite Aid Corp. shares are up over 225% since April

Description

This offering is the rare opportunity for an investor to acquire an absolute net leased Rite Aid asset with a brand new 20 year lease. The lease term is 20 years with a 10% bump every 10 years. The lease is net and provides for zero landlord responsibilities.

Rite Aid Corp. (NYSE: RAD) Highlights:

*Rite Aid Corp. upgraded to Outperform by Raymond James

*Rite Aid Corp. shares are up over 225% since April

*Rite Aid Corporation enjoys over $26b in Annual Sales

*Rite Aid Corp. has experienced an upward trend in stock price since mid-March 2009

*Rite Aid Corp. reported Same Store Sales Increase for May 2009

*Recently, Rite Aid (NYSE: RAD) announced that it has successfully completed its previously announced refinancing of the majority of its September 2010 debt maturities, including its $145 million Tranche 1 Term Loan and $1.75 billion senior secured revolving credit facility.

*Standard & Poor's Ratings Service raised the outlook of Rite Aid Corp. to "Stable" July 21 saying the drugstore operator is in a better position after refinancing much of its debt.

Westford, MA is located approximately 40 miles northwest of Boston and 15 miles south of Nashua, NH. Westford is home to many technology firms including: Red Hat, Samsung, Seagate, Iris Associates, as well as the North American headquarters for Puma. Westford's agricultural past has given way to a thriving, densely populated center of commerce and development, with continually rising growth rates. The town has a largely suburban residential culture.

Financial Summary

Major Tenant Information

Debt & Equity Information

  • Actual
  • 2009
  • $307,120
  • $307,120
  • $307,120
  • $191,950

Map of 1 Carlisle Road, Westford, MA 01886 (Middlesex County)

Contact Listing Broker to find out more details.

Presented by

The Kase Group

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Contact Listing Broker
Lindsey Lantis (831) 566-6270
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Created 6/18/2009

Additional Information for 1 Carlisle Road, Westford, MA 01886

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 0 Historic Listing
  • Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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