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
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
