Rite Aid - Aurora, CO

With the proposed debt, this investment opportunity would return 13.67% Cash on cash return after debt service, making this one of the best priced Rite Aid's in the Country. Offering a 20-year NN lease commenced in 1999, with 8.8-years remaining on base term. There are six 5-year options thereafter, with escalations on the anniversary of every option period. The lease also provides for percentage rent. The unit sales, on average for the past 36-months have been around $101 SF. There is also a Cingular Tower on the site that throws off another $15,000 in annual rent.

Additional Info

  • Address: : 19291 E Quincy Ave, Aurora, CO
  • Price: : $2,734,825
  • Net Rentable Area: : 14,962
  • CAP Rate: : 10.05%
  • Status: : SOLD

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