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Rite Aid corporate guaranteed absolute NNN lease, 13 years remaining on initial term. New 13,776 sq. ft., building completed in May 2008. It is situated on a signalized hard corner location, 2.01 acres. Rite Aid has eight, 5-year options to renew, initial 4 options include a rent increase of 10% , final 4 options at FMV. Average annual rent for the remaining 13 years of the lease term is $137,415. Rite Aid Incorporated 1968 operates over 4600 locations throughout the United States and is traded on the New York Stock Exchange with symbol "RAD". Rite Aid has annual revenues of in excess of $25.5billion. Rite Aid stock has increased in value nearly 450% in the past two years.
1.3 ACRE PARCEL ON HIGH TRAFFIC CORNER OF BENVENUE AND NORTHERN BLVD. ZONED B-2. PERFECT FOR BANK, FAST FOOD OR OTHER HIGH TRAFFIC BUSINESS.
Former Family Dollar Store, free standing building
Former Pizza Hut building located on a high traffic corner lot. Pizza Hut has moved to a new location just down the street. Building is on fair condition but can be remodeled to fit any approved use. It can be removed for new construction. Owner will discuss sale, lease or new build to suit.
Approximately 10,935 SF restaurant on 2.2 acres at 1450 Benvenue, Former Ryan's Buffet Restaurant and now Hibachi Sushi N Supreme Buffet.
Free Standing Family Dollar Store. Standard prototype construction with architectural exterior upgrade. 1.25 + acres with two ingress / egress points. Strong location. Easement with access through the corner property.
A prime location! 63 car parking on site. Signage is available on the front of the building facing North Wesleyan Boulevard and side of the building facing the road that leads to a Sam's Club big box retail store. Signage is also available on the pole/monument sign on North Wesleyan Boulevard. Our preference is to sell the property but will consider leasing and the rendering I have attached shows what the building could look like. If we deliver a vanilla shell, as per attached rendering, the rental rate would be $20.00 per square foot per year triple net.