621 Route 22A N
Fair Haven, VT 05743
Walgreens | Fair Haven, VT · Retail Property For Sale

This store became a Walgreens as part of Walgreens’ acquisition of 1,900+ Rite Aid locations. The lease has been assumed by Walgreens as of February 1, 2018. The store is still awaiting signage transition. The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. The lease is brand new with twenty (20) years on the lease term, plus eight (8), five (5) year options. The lease provides for 10% rental increases at each option period. The lease is corporately guaranteed by Rite Aid Corporation, the third largest drugstore chain in America with approximately 4,600 stores. The lease has been assumed by Walgreens. This Drug Store is a newly constructed relocation store. The original store was across the street, and all previously existing prescriptions have been transferred over to the relocation. This location is among Rite Aid’s most up-to-date store prototype. The average household income in the five (5) mile demographic ring is $62,731. The property is surrounded by several popular retailers including Shaw’s, Aubuchon Hardware, McDonald’s, and People’s United Bank, among others. This Location is the only national drug store in town.