Rite Aid

693 McCartney Road Youngstown, OH

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FOR SALE Incentives
Property Type:
Power Center
Amount:
$1,900,000
Last Verified:
Mar 20, 2017


This property is leased to Rite Aid Drugs and is well located on a main traffic corridor within the city of Campbell, Ohio adjacent to the city of Youngstown, Ohio. Built in 1996, this is a modern high-visibility facility that has been at this location for 22 years and can capture the market for many years to come with its current operator or when a new operation takes over.
Triple-net Lease (NNN) with Zero Landlord Responsibilities
Lease Guaranteed by Rite Aid Corporation (NYSE: RAD) Providing Strong Investment
Modern High-visibility Building Located on Main Traffic Corridor Across From Neighborhood Shopping Center
Lease Term Remaining: 4 years Plus Four 5-year options
Recent 5-year Lease Renewal Demonstrating Tenant's Commitment To This Location
Year Built: 1996
Building Size: 10376.0sq ft
Lot Size: 1.09 acres

Map of 693 McCartney Road, Youngstown, OH, 44405

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.