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- LoopNet Team
1825 E 10th St
Roanoke Rapids, NC 27870
Rite Aid | 9.23% Cap | Absolute NNN | 6+ Yrs · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 1825 E 10TH ST , ROANOKE RAPIDS, NC 27870
Rite Aid is strategically positioned on a hard corner signalized intersection with traffic counts exceeding 38K VPD+/-. The subject site is located across the street from Halifax Reginal Medical Center (204 Beds), which services 6 different counties throughout North Carolina and Virginia. The 10,908-square foot building is equipped with a double drive thru and sits on approximately 1.56 acres of land with 3 points of ingress and egress. The property is subject to a 25-Year Absolute Net-Lease (zero landlord responsibilities) with 6-plus years remaining including five, 5-year options with increases. Roanoke Rapids, NC is located 80 Miles from Raleigh, NC and 85 Miles from Richmond, VA. Rite Aid reported store sales of $3,850,000 for 2016 and paid the landlord percentage rent of $26,000 which signifies the strong performance of this site.
PROPERTY TAXES
| Parcel Number | 09-04395 | Improvements Assessment | $1,058,800 |
| Land Assessment | $591,200 | Total Assessment | $1,650,000 |
PROPERTY TAXES
