1022 W Genesee St | Lapeer, MI 48446
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- LoopNet Team
1022 W Genesee St
Lapeer, MI 48446
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE “NNN” GROUND LEASE: Rite Aid is operating on a 20-year corporate guaranteed NNN Ground Lease with 11.5 years remaining
- PRISTINE CONDITION: The property is in great condition and was built to suit for Rite Aid
- STRONG CORPORATE GUARANTEE: The asset holds a corporate guarantee from Rite Aid Corporation
- STRONG PLACER. AI INDICATOR: According to the Placer. Ai data the store ranks 39th out of 229 in the State of Michigan (83rd percentile of all stores)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,710 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.32 AC
Zoning
B1 LOCA
Parking
85 Spaces (5.78 Spaces per 1,000 SF Leased)
Frontage
200’ on Genesee St
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | L20-73-850-040-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $803,800 |
PROPERTY TAXES
Parcel Number
L20-73-850-040-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$803,800
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