Drugstore properties
Roseboro, NC
- Dense residential area with nearly 200,000 residents within a 5-mile radius.
- One mile south of Hwy. 385 (±151,399 VPD) and two miles southeast of I-240 (±180,699 VPD) making Downtown Memphis just a 15 minute drive away.
- Busy intersection with approximately 54,087 vehicles per day.
Rite Aid
Rockwood, MI
$ 4,967,012
8.00 CAP
- Rite Aid recently executed a 5-year lease extension taking the lease out to 10 years with rental increases in the primary term and the options with minimal landlord responsibilities.
- Only national brand drugstore within 3-mile radius and Placer ranks it the busiest Rite Aid of 6 locations in a 15-mile radius.
- 15 years of operating history with strong customer base including the 3,500 employees of the Ford Flat Rock Assembly Plant located just 3 miles south.
Rite Aid
Burton, MI
$ 3,066,900
8.00 CAP
- Rite Aid recently executed a 10-year lease extension with rental increases in the primary term and extension options, including a 13.3% increase at the first extension option.
- 25 years of operations with strong customer base. No other standalone national retail pharmacies within a 3-mile radius.
- Solid employment base within a 7-mile radius including General Motors, University of Michigan, Hurley Medical Center and Mott Community College.
- CVS has agreed to new 15-year lease with 10 (5-year) options with 5% increases in the options.
- Near 44-bed Central Harnett Hospital and only national brand drugstore in Lillington.
- Centrally located between Fayetteville and Raleigh along Highway 210.
- Lillington is the county seat of Harnett County who employ almost 54,000 employees.
Rite Aid
Manchester, NH
$ 8,575,000
7.75 CAP
- Absolute net lease with 10% increases every 10 years in the options, located 3.5 mi NW of Downtown Manchester and is the 2nd busiest Rite Aid in a 15-mi radius.
- One block from Shaw's Plaza anchored by Big Lots, Dollar Tree and Planet Fitness. Major employers in the area include Catholic Medical Center and Saint Anselm College.
- Area demos include 133,768 residents with a median HH income of $67,149 within a 5-mi radius.
Walgreens for Sale
Salt Lake City, UT
$ 7,669,902
5.15 CAP
- New 15 year absolute net lease term.
- Salt Lake City has a population of ±1,200,000 and is the most populous city in UT.
- Near busy signalized corner with ±36,000 vehicles per day.
- No other drugstore within a 3-mile radius of subject property
- Walgreens extended lease to a firm 15-yrs in August 2022 showing commitment to this location.
- Walgreens is reporting strong sales at this store that has a 15-year operating history.
- Virginia Beach has a population of ±1,500,000 and is the most populous city in VA.
- Near ±23.6M SF of retail space and adjacent to 128K SF center anchored by Lion Food who renewed for 10 yrs.