Subject property includes a 11,125 SF single story, free-standing retail building developed specifically for Rite Aid Pharmacy. The asset is secured by a Net Lease from Rite Aid (Landlord to maintain roof & structure) with 3 years remaining until the first right of termination. After the base term of the initial 20 year lease which comes due February 28, 2018, the lease continues in full force and effect for another 30 years unless Rite Aid terminates. There are Six - 5 year options to terminate following the initial term. The lease is guaranteed by Rite Aid, S&P Rated B, with a market cap of more than $5.0B. • Rite Aid• 8.5% CAP• 3 Years Remaining• Escalations in Option Periods• Near Highway Exit - Area description: Property is located in the northern commercial district of Wadsworth, Ohio with direct access to I-76. Interstate I-76 flows east to Akron and west to both Cleveland and Columbus.
|6 Mb/s: Time Warner Cable|
|1.5 Mb/s: Frontier North, Inc.|
|1.5 Mb/s: City of Wadsworth|
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