Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
Number of units 1

Property Description

JLL is pleased to offer for sale a single-tenant Rite Aid Pharmacy in Detroit, Michigan. The asset benefits from a drive-thru pharmacy and strategic near corner positioning, just one block west of the Southfield Expressway. The lease features a corporate guaranty from Rite Aid Corporation, one of the leading health and well-being drugstores in the nation, serving approximately eight million customers per week. This property possesses strong real estate fundamentals and offers a high-yield investment opportunity from a leading, essential service oriented tenant within the Detroit MSA. 

Investment Highlights

  • Fee simple interest
  • Essential service oriented tenancy with corporate guaranty
  • Excellent visibility near primary intersection
  • Full-service Rite Aid with drive-thru pharmacy
  • NN lease with minimal landlord responsibilities
Last Updated Date: 21 Sep 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 21 Sep 2020

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