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32905 Fort Rd
Rockwood, MI 48173
Rite Aid Rental Increases 10 Years Remaining · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Rite Aid recently executed a 5-year lease extension taking the lease out to 10 years.
  • Only national brand drugstore within 3-mile radius.
  • 15 years of operating history with strong customer base including 3,500 employees of the Ford Flat Rock Assembly Plant located just 3 miles south.
  • Rental increases in both the primary lease term and extension options.
  • Placer ranks it the busiest Rite Aid of 6 locations in a 15-mile radius.
  • Minimal landlord responsibilities.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
11,217 SF
Building Class
C
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.75 AC
Zoning
B3 - General Business District, automobile service stations and service centers are allowed, along with auto wash when completely enclosed in building.
Parking
55 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
108’ on Fort Rd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
52-006-07-0001-302
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$964,400
  • Listing ID: 28094745

  • Date on Market: 3/29/2023

  • Last Updated:

  • Address: 32905 Fort Rd, Rockwood, MI 48173

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