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Rite Aid
Chardon, OH 44024
Long Term NNN Corp Lease- Essential Retailer · Retail Property For Sale
Investment Highlights
- Rite Aid (NYSE: RAD) – Over 10 Lease Years Fixed Remaining – Single Tenant NNN Leased
- Recent 10 Year Lease Extension – Showing Strong Commitment to the Site
- Passive Long Term Investment – Zero Landlord Responsibilities – Ease of Management
- Corporate Guaranteed by Rite Aid Corp.
- Long Term Operating History & Proven Retail Location – Occupied the Site Since 1998
- Strategic Location – Only Rite Aid/Walgreens Location within an 8 Mile Radius
Property Facts
Property Type
Retail
Property Subtype
Building Size
10,400 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.99 AC
Zoning
Commercial
Parking
35 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
About RITE AID , CHARDON, OH 44024
We are pleased to offer to qualified investors an opportunity to purchase a single tenant NNN leased investment that is fully occupied by Rite Aid with over 10 lease years remaining on the base term. Located in Chardon, OH (~25 miles outside Cleveland, OH) the subject property comprises a 10,400 SF building and is positioned on a large 2.99 acre lot. Additionally, the subject property is the only Rite Aid/Walgreens store within 8 miles and they have occupied this site since 1998 making this a proven retail location. This is an excellent opportunity to purchase a corporate guaranteed single tenant drive-thru drug store, with over 10 lease years remaining on the base term, and zero landlord obligations.
Property Taxes
| Parcel Numbers | Improvements Assessment | $191,280 | |
| Land Assessment | $226,210 | Total Assessment | $417,490 |
Property Taxes
Parcel Numbers
Land Assessment
$226,210
Improvements Assessment
$191,280
Total Assessment
$417,490
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