Asking Price
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Asking Price
NOI Net Operating Income
Cap Rate

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Last Updated Date 26 Jun 2020

Property Description

JLL is pleased to offer for sale a single-tenant Rite Aid Pharmacy in Detroit, Michigan. The asset benefits from a drive-thru pharmacy and strategic near corner positioning, just one block west of the Southfield Expressway. The lease features a corporate guaranty from Rite Aid Corporation, one of the leading health and well-being drugstores in the nation, serving approximately eight million customers per week. This property possesses strong real estate fundamentals and offers a high-yield investment opportunity from a leading, essential service oriented tenant within the Detroit MSA. 

Investment Highlights

  • Fee simple interest
  • Essential service oriented tenancy with corporate guaranty
  • Excellent visibility near primary intersection
  • Full-service Rite Aid with drive-thru pharmacy
  • NN lease with minimal landlord responsibilities
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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