100 E Vienna St
Clio, MI 48420
11 Years | Absolute Net Lease | Rite Aid · Retail Property For Sale

STABLE INCOME CORPORATE GUARANTEE Rental income guaranteed by Rite Aid corporate (S&P B Stable) Fortune 500 Company with over 2,500 locations. AMAZON PICK-UP LOCATION Rite Aid announced the addition of “Counter” by Amazon in June of 2019, which will enable quick and easy pickup of packages in-store at over 1,500 Rite Aid locations across the country. PREFERRED RITE AID LOCATION – 20+ YEARS OF OPERATING HISTORY Rite Aid retained this location in its sale of 1,900 locations to Walgreens in 2018 showing commitment to the site. The store has a successful operating history of 20+ years at this location. ONLY NATIONAL DRUGSTORE IN CLIO This Rite Aid is the only national drugstore chain in Clio with the next nearest competition over 4.4 miles to the south. RECENTLY EXTENDED ABSOLUTE NNN LEASE Rite Aid has approximately 11 years remaining on the primary term and two 5-year options with 15% increases to extend. This is a true absolute net lease with no landlord responsibilities whatsoever. MAIN & MAIN LOCATION WITH 29,235 VEHICLES PER DAY The Subject Property is located on a signalized corner in the heart of Clio at the cross section of West Vienna Street (18,712 VPD) and South Mills Street (10,523 VPD). Interstate 75, which is one of the major north-south highways in the country is located 1.5 miles west from Rite Aid with traffic counts of over 62,100 vehicles per day. 14 MILES NORTH OF FLINT Clio is located just 14 miles north of Flint, Michigan along interstate 75. Flint is the largest city in Genesee county with a population of more than 102,434 residents. STRONG NATIONAL RETAIL PRESENCE The subject property benefits from a strong concentration of national retail tenants and is located on the main corridor in the city of Clio. Located one mile to the west along Vienna Road is a Tractor Supply and Goodwill anchored center. Other national tenants in the surrounding area include Tim Horton’s, Chase Bank, Walmart Super Center, McDonald’s, Arby’s, Taco Bell, Applebee’s and Menards.