Property Archive - Page 14 of 36 - Pharma Property Group

Rite Aid

Saint Marys, OH

$ 2,941,312

8.00 CAP

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Rite Aid recently executed a 5-year lease extension taking the lease out to 7+ years with rental increases in the primary term and extension options, including a 9.3% increase at the first extension option.
Only national brand drugstore within 8-mile radius and only Rite Aid location in a 16-mile radius.
Across from ±348,000 square feet of retail space, adjacent to Grande Lake Healthcare Center with 45 beds and 3 miles from Grand Lake JTD Memorial Hospital with 140 beds.

Rite Aid

Rockwood, MI

$ 4,967,012

8.00 CAP

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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

Hayes, VA

$ 3,764,177

7.65 CAP

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Rite Aid recently executed a 10-year lease extension with increases in the primary term and extension options, including a 11.7%increase at the first extension option.
This is an absolute net lease with no landlord responsibilities whatsoever and 20 years of operating history with strong customer base.
Across from Walgreens making this a strategic location and directly on George Washington Memorial Highway, the only thoroughfare connecting to Norfolk-Virginia Beach-Newport News MSA, one of the strongest military bases in the country.

Rite Aid

Burton, MI

$ 3,066,900

8.00 CAP

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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.

Walgreens

Bellflower CA

$ 6,300,000

6.00 CAP

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Strong sales with absolute net lease guaranteed by Walgreens with 20-year operating history.
Busy infill Los Angeles County location on intersection with ±47,336 VPD just blocks from I-605 with ±303,000 VPD and ±679,000 residents in a 5-mile radius.
Adjacent to Bellflower Middle/High School with ±2,300 students, ±150 staff and one mile from Cerritos College with ±21,000 students enrolled and ±3,500 employees.

Sold

CVS

Lillington, NC

$ 1,912,400

5.00 CAP

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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

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Absolute net lease with 10% increases every 10 years in the options, located 3.5 mi NW of Downtown Manchester and is the 2^nd 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

Austin, TX

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Austin-Round Rock MSA location with a population of over 2 million residents.
High barrier to entry for development along Highway 620.
Affluent demographics with household income over $125,000 in a 1-mile radius.

Available

Walgreens for Sale

New Orleans, LA

$ 8,252,427

5.15 CAP

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19+ years of primary term remaining.
Within 2 miles of the subject property is Tulane University, Caesar Superdome, Smoothie King Center, New Orleans Business District, French Quarter and Freret Street.
Ochsner Baptist Medical Center & Hospital within one block.
Sales volume is above the national average.

Available

Walgreens for Sale

Salt Lake City, UT

$ 7,669,902

5.15 CAP

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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