Rite Aid

Tenant

Rite Aid

Location

Buffalo, NY

Price

$3,928,000

CAP Rate

7.15%

NOI

$280,861

Lease Term

20 Years

Occupancy

100%

Building Size

12,739 SF

Property Type

Single Tenant

Year Built

2000

Lot Size

1.90 Acres

Status

Available

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

JC Corr

Associate

201-742-6181 | Email

  • NNN Lease
  • Excellent Demographics – Over 350,000 people in 5-Mile radius
  • Rent Increase in the Next Two Years
  • High Return – 7.15% Cap Rate
  • Exceptional Rent-to-Sales Ratio

Marcus & Millichap is pleased to present a NNN lease Rite Aid in Buffalo, NY. The subject property reports sales over $5 million annually, and it has been operating at the location since 2000. There are Four, 5-Year Options remaining with rental increases in each option period.

The Rite Aid location is surrounded by many national tenants which include Aaron’s, TOPS, Dollar Tree, Valero, and more.