10 Hemingway Ave - Drug Store FOR SALE
East Haven, CT 06512 |
10 Hemingway Ave
East Haven, CT 06512
HIGHLIGHTS
- Long Term Lease – Recent 10-year lease extension from Rite Aid, giving the lease just under 11 years of term
- Dense Population – 179,011 people within a 5-mile radius of the location, with over 70,000 households that have a median household income
- Strategically Positioned – Located on a hard, signalized corner on a main retail corridor. Average traffic volume of 29,000 VPD passing in front
- Corporate Backed Lease – Lease is guaranteed by Rite Aid of Connecticut, Inc. Rite Aid is ranked No. 132 on the 2020 Fortune 500 list
- COVID Resistant Tenant – Great 1031 Exchange property, that includes a long-term, passive income asset favorable for any investor seeking security
- Strong Brand Recognition – Rite Aid has almost 2,500 locations across the US in 19 states, with over 51,000 employees
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
11180
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
EHAV-000160-001715-000002
