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Rite Aid
Girard, OH 44420
Long Term NNN Corp. Lease- Essential Retailer · Retail Property For Sale
Investment Highlights
- Rite Aid (NYSE: RAD) – Over 13 Lease Years Remaining – Single Tenant NNN Leased
- Recent 10 Year Lease Extension – Committed 5 Years Early Showing Strong Commitment to the Site
- Passive Long Term Investment – Zero Landlord Responsibilities – Ease of Management
- Corporate Guaranteed by Rite Aid Corp.
- 5% Rental Increases Every 5 Years – Including Each Option Period (8, 5 Yr Options)
- Long Term Operating History & Proven Retail Location – Occupied the Site Since 2004
Property Facts
Property Type
Retail
Property Subtype
Building Size
11,282 SF
Building Class
C
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.18 AC
Zoning
Commercial
Parking
62 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
94’ on Churchill Hubbard Rd
Amenities
- Signage
- Signalized Intersection
- Drive Thru
About RITE AID , GIRARD, OH 44420
We are pleased to offer to qualified investors an opportunity to purchase a corporate guaranteed single tenant NNN leased investment that is fully occupied by Rite Aid with over 13 lease years remaining on the base term and 5% rental increases every 5 years including the option periods. Located in Girard, OH (5 Miles from Youngstown) the subject property benefits from its positioning on US Hwy 422 as well as its close proximity to Interstate 80. This is an excellent opportunity to purchase a corporate guaranteed single tenant drive-thru drug store, with over 13 lease years remaining on the base term, 5% rental increases and zero landlord obligations.
Property Taxes
| Parcel Numbers | Improvements Assessment | $385,840 | |
| Land Assessment | $134,270 | Total Assessment | $520,110 |
Property Taxes
Parcel Numbers
Land Assessment
$134,270
Improvements Assessment
$385,840
Total Assessment
$520,110
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