9160 Main St - Drug Store FOR SALE


Clarence, NY 14031
$3,028,750 USD
248-702-0288
9160 Main St, Clarence, NY for Sale
$3,028,750 USD
Drug Store - FOR SALE
1/5
null | 6% Cap Rate

9160 Main St
Clarence, NY 14031


HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • New 15-Year Lease Term with Nine, 5-Year Options
  • Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
  • Successful 29+ Years Operating History
  • Easily Accessible with Multiple Points of Access Along Main Street and Sheridan Drive
  • This Location Features a Drive Thru and Ample Parking

OVERVIEW

Absolute NNN Lease with Zero Landlord Responsibilities New 15-Year Lease Term with Nine, 5-Year Options Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option Successful 29+ Years Operating History Positioned at the Signalized Intersection of Main Street with Traffic Counts of Over 14,500 VPD and Sheridan Drive with Traffic Counts of Over 9,000 VPD Easily Accessible with Multiple Points of Access Along Main Street and Sheridan Drive NYSE: RAD | Third Largest Drugstore Chain in the U.S. with Over2,245 Locations This Location Features a Drive Thru and Ample Parking High Average Household Income | Average Household Income Within a 3-Mile Radius of the Subject Property Exceeds $121,500 Located 5 Miles From the Buffalo Niagara International Airport

FOR SALE DETAILS

PRICE

$3,028,750 USD

PRICE/SF

$237 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

no zoning

APN/PARCEL ID

143200-071-130-0002-006-000

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.