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106 S Columbia Street - Rite Aid, Union City, IN

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106 S Columbia Street - Rite Aid

Union City, IN 47390-1434

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:-
Building Size:11,868 SF Land Area:-
For Sale Price:$1,998,000 Price/SF:$168.35
Cap Rate:7.25 %

Sale Notes:
Rite Aid Drug Store with Drive-Thru. Strong national / credit tenant: Public Co (NYSE:RAD), $26 Billion in 2015 Revenue, 4500 stores, S&P Credit: "B". 35 years of term including the option periods. Rent Increase in each option period. 15 years of historical occupancy at this location. Strong sales & high profit location. NNN Lease.
signalized hard corner at the busiest intersection in Union City / Chestnut St (Hwy 32) and Columbia (Hwy 28). 2 monument street signs. Across the street from McDonalds. Indiana / Ohio State Line. No other major drug store competition in the trade area.

Faris Lee Investments
Jeff Conover
(949) 221-1810

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