4914 Youngstown Poland Rd - Drug Store FOR SALE
Youngstown, OH 44514 |
4914 Youngstown Poland Rd
Youngstown, OH 44514
HIGHLIGHTS
- PHENOMENAL SALES - One of the best performing Rite Aid stores in the Midwest with sales to rent ratios of 2.3%.
- CORPORATE GUARANTEE - Rental income guaranteed by Rite Aid parent corporate.
- RECENTLY EXTENDED LEASE - 10 yrs added to the initial lease term in 2015, over 7.5 yrs remaining on NN lease, 6 (5 yr) options and increases.
- 5% RENT INCREASES - Rental increases are 5% every five years during the options. Current annual rent is $175,840, increasing to $185,511 in 2029.
- ROOF REPLACED IN 2015 - Roof was replaced in 2015 with a 20-year transferable warranty. Building exterior was also renovated.
- NEIGHBORHOOD CORNER LOCATION – There are ±26,000 rooftops in a 3-Mi radius. Total population is 120,367 residents within a 5-Mi radius.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
One of Top Rite Aids in Mid W 2.3% Sales/Rent
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
11180
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
53-195-0-156.00-0
