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

Listed By

Jonah Katz
Broker
718-705-9500

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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.


Rite Aid

Houghton Lake, MI, 48629
Price Per SF: $171