Rite Aid

Garden City, MI-48135


Overview

Price $2,618,211
Cap Rate 9.50%
NOI $248,730
Leasable Area 11,202 SF
Year Built 2000
Occupancy 100%
Status Available
Price Per SF $235

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 off of Ford Road in Garden
City, MI. The investment opportuni-ty offers a lease term with
over 2 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 various rent increases through-out. The property sits just
off the hard signalized corner of Ford Road and Middlebelt,
which boasts a traffic count that exceeds 25,000 VPD


Rite Aid

Garden City, MI, 48135
Price Per SF: $235