Rite Aid – NN

Rite Aid – NN

Rite Aid -MA1
Rite Aid -MA2
RITE AID
250 Central St, Winchendon, MA 01475

PRICE $2,775,400
GLA 15,000 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 6.85%
LEASE TYPE NN
LEASE EXPIRATION Dec. 2022
YEAR BUILT n/a
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OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
Total Population
1 – mi. – 4,440
3 – mi. – 9,075
5 – mi. – 14,458
More info in the flyer

INVESTMENT HIGHLIGHTS

  • NN Lease to Rite Aid – Landlord only responsible for roof and structure.
  • Established Location – Lease Commenced in 1984.
  • Very strong store sales (over $317 psf ).
  • Corporate Guarantee from Rite Aid, Nation’s Third Largest Drugstore Chain.
  • Rite Aid showed commitment to this location by exercising their 2nd option period two years in advance.
  • Very Low Drug Store Rent ($13 per square foot).
  • One of two major drug stores in all of Winchendon, MA (Rite Aid and CVS).
  • 2(5) year options remaining with increases

City:Winchendon
State:MA
Square Feet:15,000 SF
Price:$2,775,400
Cap Rate:6.5%

Listing Inquiry