Rite Aid For Sale
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Rite Aid For Sale
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Rite Aid For Sale are usually the first type of investments wanted by buyers of net leased property
California
Rite Aid For Sale Property #pnnns 17:21:55
Rite Aid For Sale Tenant:
Rite Aid
State Located: California
Size of Building: 27,456 Square Feet Building
Land Area: 2.520 Acres
Lease Term: Lease term of 5/18/98 - 5/18/2020
Lease Type: NNN - ABSOLUTE TRIPLE NET with
NO Landlord responsibilities to the buyer. Tenant is responsible for ALL expenses, including
property taxes, maintenance, repairs, all insurance, roof and structure, and all other costs.
Price: $5,345,764. Only
$572,760 in cash is required to purchase this property!
Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance: $4,773,004 (est.)
Annual Cash Flow: $0
Remarks:
RVI is 32%.
Loan balance at maturity is $1,530,000.
This is a "Bond-Net" lease.
Rite Aid (NYSE: RAD) is the number three drug store chain in the country. Based out of Camp
Hill, PA, Rite Aid operates almost 3,800 stores in thirty states. For the year ended February
2000, Rite Aid had annual sales of $14.7 billion, an increase of 15.3% over the previous year.
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The Rite Aid For Sale contained herein have been obtained from Rite Aid For Sale sources believed
to be reliable. While we do not
doubt the accuracy of these Rite Aid For Sale, we have not verified it and make no guarantee,
warranty or representation
about the accuracy or completeness of the Rite Aid For Sale information. As a Rite Aid For Sale
buyer, it is your responsibility to
independently confirm the accuracy and completeness. Any projections, opinions, assumptions or
estimates used
are for example only and do not represent the current or future performance of the Rite Aid For
Sale. The value of these
Rite Aid For Sale to you depend on factors which should be evaluated by your tax, financial and
legal advisors. You and
your advisors should conduct a careful, independent investigation of these Rite Aid For Sale to
determine to your
satisfaction the suitability of the property for your needs. By requesting further information,
you agree to
indemnify Quality Real Estate and shall hold Quality Real Estate harmless from any kind of claim,
cost, expense,
or liability arising out of your investigation and/or purchase of these Rite Aid For Sale.
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