Rite Aid
Houghton Lake, MI-48629
Overview
Price
$1,751,496
Cap Rate
6.75%
NOI
$118,226
Leasable Area
10,268 SF
Year Built
1995
Occupancy
100%
Status
Available
Price Per SF
$171
Property Highlights
NMR & Associates pleased to present the opportunity to acquire
a free-standing, absolute triple-net (NNN) leased, Rite Aid in
Houghton Lake, Michigan. The original lease commenced in
May of 1994 for an initial period of 20 years. In 2015 Rite Aid
exercised their first, five-year renewal option at 10 years firm,
illustrating their continued commitment to the location.
