10% CAP Drugstore – Absolute NNN – Corporate Guaranty

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

Brent Hanna

248.702.0293
brent@encorereis.com

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Offering Information

10502 St. Clair Ave
Cleveland, OH 44108

  • Price: $2,210,000
  • Cap. Rate: 10.00%
  • NOI: $221,000
  • Building Size: 11,180SF
  • Lot Size: 1.55 AC

Investment Highlights

  • Absolute Net Lease Structure | Zero Landlord Responsibilities
  • 3+ Years Remaining on Initial 20 Year Lease Term
  • Corporate Guarantee by Rite Aid Corp. | S&P Credit Rating “B”
  • Quality Brick Construction Equipped with a Double Drive-Thru
  • Located on the Hard Corner of St Clair Ave and E 105 St
  • Close Proximity to Glenville High School, Franklin D Roosevelt Academy, Patrick Henry School and the Metro Health Department of Pediatrics
  • Easy Access to Interstate 90 (113,469 VPD+)
  • Population within a 5 Mile Radius of Subject Property Exceeds 236,347
  • Average Household Income Within a 5 Mile Radius is $48,328
  • National Tenants in the Immediate Area Include: US Post Office, Dollar Tree, McDonalds, Rally’s, Family Dollar, Metro PCS, Little Caesars, Rent-A-Center and Many More