1022 W Genesee St - Drug Store FOR SALE
Lapeer, MI 48446 |
1022 W Genesee St
Lapeer, MI 48446
HIGHLIGHTS
- ABSOLUTE “NNN” GROUND LEASE: Rite Aid is operating on a 20-year corporate guaranteed NNN Ground Lease with 11.5 years remaining
- STRONG CORPORATE GUARANTEE: The asset holds a corporate guarantee from Rite Aid Corporation
- PRISTINE CONDITION: The property is in great condition and was built to suit for Rite Aid
- STRONG PLACER. AI INDICATOR: According to the Placer. Ai data the store ranks 39th out of 229 in the State of Michigan (83rd percentile of all stores)
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
14710
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
85
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
L20-73-850-040-00
