431 W Lincoln Ave | Ionia, MI 48846
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431 W Lincoln Ave
Ionia, MI 48846
Rite Aid · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Single Tenant 11,180 SF Rite Aid Drugstore w/ Drive Thru
- Double "NN" Net Lease | Minimal Landlord Responsibilities
- (4) Five Year Options w/ 17.57% Rental Increase In First Option
- Recent Lease Extension & Signage Upgrade Showing Rite Aid's Commitment To Location
- 2006 Construction | Rite Aid's Newest Prototype Design
- Minimal Drug Store Competition | Site Benefits Being LocatedOn a Hard Corner Signalized Intersection
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,180 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.13 AC
Zoning
B-3 - Business
Parking
35 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 201-060-000-035-10 | Improvements Assessment | $430,800 |
| Land Assessment | $56,300 | Total Assessment | $487,100 |
PROPERTY TAXES
Parcel Number
201-060-000-035-10
Land Assessment
$56,300
Improvements Assessment
$430,800
Total Assessment
$487,100
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