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Rite Aid | Available Financing - 9.50% C/C Return!
3687 Highway 5, Douglasville, GA 30135
Last Verified 11/4/2009
Listing ID 16284293
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: 9.50%
- 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.
The city of Douglasville is the county seat of Douglas County, Georgia, United States. The population was 20,065 at the 2000 census. Douglasville is one of the fastest growing cities in Georgia, with an estimated population of 27,568 in 2005. Douglasville is part of the greater Atlanta Metropolitan Area, or what is commonly referred to as metro Atlanta. It is ninth-largest metropolitan area in the United States and consists of 28 counties in Georgia. According to the 2000 Census, the metropolitan area had a population of 4,247,981, though the 2007 Census estimate shows 5,278,904 people living in the area. According to the 2007 population estimates, the 28-county Atlanta metropolitan area is currently the fastest-growing metropolitan area in the United States based on numerical gains.
Actual
2009
$255,200
$255,200
$255,200
$156,413
| Tenant | SF Occupied | Lease Expired | |
|---|
| Rite Aid (NYSE: RAD) | 11,275 | 6/1/2028 | |
Map of 3687 Highway 5, Douglasville, GA 30135 (Douglas County)
Created 6/18/2009
Additional Information for 3687 Highway 5, Douglasville, GA 30135
- Active For Sale - 1 Listing
- Active For Lease - 0 Listing
- Previously Listed - 0 Historic Listing
- Sales Comparables Available - 0 RecentSales Record
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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.