679 Central Ave Listing Details & Market Data

PROPERTY HIGHLIGHTS • Corporate Guarantee with Rite Aid Corporation (NYSE: RAD) • Absolute Triple-Net Lease and 10% Increases in the Options Every 10-Years • Strong Preforming Drive-Thru Location • Strategic Location with Proximity to Mass General Brigham Wentworth-Douglass Hospital • Surrounded by Medical Providers Attracting a Significant Number of Customers to the Store Summary: Lee & Associates, listed in conjunction with New Hampshire real estate broker Bang Realty-New England, Inc (License 075993), is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest (land & building) in a Rite Aid investment property located in Dover, New Hampshire (the “Property”). Constructed in 2001, the Property consists of a 11,002-square-foot retail building situated on a 1.17-acre parcel. The subject property has a corporate guaranteed lease by the Rite Aid Corporation (NYSE: RAD). Rite Aid is currently the third largest retail pharmacy in the US. With over 2,400 stores in 17 states and the District of Columbia, Rite Aid has a strong presence on both the West and East Coasts. In 2020, Rite Aid announced their new RxEvolution overhaul strategy, which includes introduction of new merchandising, implementation of cutting-edge workflow practices, re-engineering of pharmacy team engagement, workspace improvements, and state of-the-art technological/digital upgrades. The initiative will see Rite Aid spending nearly $700 million in the coming years to complete the overhaul. LIST PRICE $3,347,000 CAP RATE 6.75% PRICE/PSF $304 NOI $225,885 ***CONTACT LISTING BROKERS FOR MORE INFORMATION***