Rite Aid | Atco, NJ 08004
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Rite Aid
Atco, NJ 08004
NNN Lease- Urban Infill Site- Proven Location · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Proven Portfolio of Absolute NNN Corporate Leases by Rite Aid, Inc. (NYSE: RAD) - 7+ Yrs. plus Options
- Double Digit Year 1 Leveraged Cash on Cash Return of 10.21% - Attractive in-place Loan (Market Terms)
- Excellent Signalized Hard Corner Locations - Large Parcel Size (2.16 acres/1.67 acres) - Hyper Dense Sites
- Geographically Diversified Portfolio - RARE Northeast/Pacific Northwest NNN Assets - Strong Sales
- Fee Simple & Leasehold Combination Ownership - Depreciable Assets - Zero LL Duties - 10% Rent Bumps
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
12,400 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.67 AC
Zoning
PHB - Planned Housing Business zoning is a type of mixed-use zoning intended for areas with a combination of residential and commercial uses.
Parking
54 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
209’ on U.S. 30
AMENITIES
- Bus Line
- Pylon Sign
- Signage
ABOUT RITE AID , ATCO, NJ 08004
We are pleased to offer to qualified investors an opportunity to purchase two single tenant absolute NNN leased investments fully occupied by Rite Aid with approximately 6.5 years fixed remaining on the base term for each location. Offered as a portfolio, this is an excellent opportunity to purchase two single tenant drug stores on absolute NNN leases, that provides a 10.05% cash-on-cash return year 1 and zero landlord obligations.
PROPERTY TAXES
| Parcel Number | 35-00403-0000-00002 | Improvements Assessment | $1,612,700 |
| Land Assessment | $477,800 | Total Assessment | $2,090,500 |
PROPERTY TAXES
Parcel Number
35-00403-0000-00002
Land Assessment
$477,800
Improvements Assessment
$1,612,700
Total Assessment
$2,090,500
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