Rite Aid

Highlights

• 10,220 +/- SF Building | 1.5 Acres | Over 80 Parking Spaces
• No Competition Nearby | Nearest Pharmacy is 10 Miles Away
• NN Single Tenant | Landlord Responsible for Roof & Structure
• Below Construction Cost at $140 PSF
• Tenant Pays Taxes, Insurance, & CAM Directly
• Built 1994 | 2020 Renovation & New Roof with 25-Year Warranty
• Base Rent: $117,753.30 Annual | $11.52 PSF
• Below Market Rent Rates: $11.52
• Renewal Terms: (6) 5-Year Terms at $130,837 | $12.80 PSF
• Frontage: 250 +/- Ft. on N State Street
• 3 Points of Ingress & Egress | N State Road & Beecher Street
• $81k+ Avg. HHI in 5-Mile Radius

Description

Introducing a prime retail opportunity in the heart of Otisville, MI.

Otisville offers a compelling mix of small-town charm and modern conveniences, making it an attractive location for investment. The property is conveniently located near developed subdivisions and major transportation routes, providing easy access for shoppers.