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- LoopNet Team
Rite Aid
Florence, OR 97439
True NNN- RARE Costal Hard Corner Site · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Proven Single Tenant (9 Yrs. Left) Absolute NNN Corp Lease by Rite Aid, Inc. (NYSE: RAD) - Fee Simple
- 10% Rent Bumps every 5 Yrs. plus Options- Larger 1.47 Acre Hard Corner Site- Tall Monument Signage
- “2nd Best Small Town in the Northwest” by Trip Advisors- Historic and Scenic Coastal Community
- RARE Coastal City Location on Historic Hwy 101- Blocks to Pacific Ocean- High Barriers to Entry
- Zero Landlord Duties- Valuable Underlying Dirt- Limited Pharmacy Competition in Trade Area
- Recent Modern Prototype Remodel- Double Drive Thru- Adjacent to Siuslaw H.S. / Florence Golf Links
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT RITE AID , FLORENCE, OR 97439
We are pleased to offer to qualified investors an opportunity to purchase a single tenant absolute NNN leased investment that is fully occupied by Rite Aid with approximately 8.7 years fixed remaining on the base term. Located in Florence, OR the subject property comprises a 17,272 square feet building on a 1.47 acre signalized hard corner lot. Positioned on the main North/South corridor of Florence, OR (Hwy 101) the subject property has excellent visibility and easy access and is the only Rite Aid/Walgreens or CVS Pharmacy location within a 40+ mile radius (1 hour drive-time) making this a strategic corporate location. This is an excellent opportunity to purchase an absolute NNN leased investment, with minimal pharmacy competition in the market, located on the main North/South thoroughfare, with 8.7 years remaining and zero landlord responsibilities.
PROPERTY TAXES
| Parcel Number | 0785087 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,568,941 |
PROPERTY TAXES
