Rite Aid
Bay City, MI-48706
Overview
Price
$1,769,231
Cap Rate
6.50%
NOI
$115,000
Leasable Area
11,511 SF
Year Built
1958
Occupancy
100%
Status
Available
Price Per SF
$154
Property Highlights
NMR & Associates is pleased to present this free standing Rite
Aid investment opportunity located West Midland Street in Bay
City, MI The investment opportunity offers a lease term with 12
years remaining with a national tenant. This is a great
opportunity for an investor looking to purchase a passive
income property with little landlord responsibilities. The lease is
also equipped with four (4), five (5) year option periods which
have rent increases throughout. The property sits on the very
busy signalized corner of Midland Street and Euclid Road
