Tuesday, December 16, 2014

PRICE REDUCED | Rite Aid - Single Tenant | Below Market Rent & Strong Store Sales | Ogden, UT


Investment Highlights

Price: $1,523,000 - Cap Rate: 6.50%


>  Strong Performing Store - Single Tenant NN Lease
    (Fee Simple) with 2 - 5 Year Options  7+ Years of Lease
    Term Remaining

>  11% and 13% Rental Escalations at First & Second Options

>  Newly Renovated Facade and Parking Lot Areas (2014) 
    Newly Improved Shopping Center (2014)

>  $99,000 Annual Rent - $4.71 PSF/Year - Below Market Rent

>  Signalized Intersection at 800 East and 24th Street -
    Unobstructed Street Visibility

>  Plentiful Parking - Newly Striped Parking Lot and Landscaping


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