Rite Aid - Lima, OH

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Pricing and Location


Price:   $5,220,300

Address:   3230 West Elm Street, Lima, OH 45805

Status:   Available

Property Details


CAP Rate: 6.00% Year Built: 2008
Net Rentable Area: 14,500
Lot Size (Acres): 2.06 NOI: $313,216

Marketing Materials


Property Description


• 20 year lease with six 5-year options
• 9.8 years remaining on base term of the lease
• Local income is strong at $74,645 within 1 miles radius fromthe site
• Large oversized lot at signalized hard corner
• Located just south of the University of Northwestern Ohio
• No other national drug store retailers within 1.8 miles fromthe site.

Download the Offering Memorandum for more information.

Area Map and Street View


What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
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Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557