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105 Airport Hwy
Swanton, OH 43558
Rite Aid | 8 Years Remaining | No Competition · Retail Property For Sale
Investment Highlights
- Rite Aid NN Lease with 8+ Years Remaining; Located in Toledo MSA with No Immediate Drug Store Competition (WAG = 13 Mi. & CVS = 14 Mi.)
- Rent Inrease in 2023 Increases Cap Rate to 8.47%; Four 5-Year Options After Base Term Each with Rental Increases
- Location Offers Double Pharmacy Drive-Thru, Prescription Home Delivery and Various Shots and Immunizations Among Other Services
- Publicly Traded (NYSE: RAD) Tenant; $12.6 Billion in Annual Sales, 6.6% Comparable Store Sales Inc. in 2020 & 126.3% Stock Price Increase in 12 Mo.
- Rite Aid in Process of Replacing Signage at Location to New Branding Colors and Identity
- Situated at Busy Signalized Intersection with Traffic Counts of 20,185 Vehicles Per Day
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,180 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.43 AC
Zoning
B3
Parking
47 Spaces (4.2 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 28-055276-00.000 | Improvements Assessment | $315,320 |
| Land Assessment | $72,070 | Total Assessment | $387,390 |
Property Taxes
Parcel Number
28-055276-00.000
Land Assessment
$72,070
Improvements Assessment
$315,320
Total Assessment
$387,390
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