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

Listed By

Jonah Katz
Broker
718-705-9500

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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


Rite Aid

Bay City, MI, 48706
Price Per SF: $154