Published on: Friday, August 23, 2024
Updated on: Wednesday, October 9, 2024
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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  Rite Aid | Dover NH.
679 Central Ave Dover New Hampshire , 03820
679 Central Ave Dover New Hampshire                                                                                       , 03820NNN Investment Group
Listing ID: CL-New Hampshire-115

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-New Hampshire-115
Status: Sold
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2001
Building Size: 11,002.00 SqFt
Lot Size: 50,965.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Lee & Associates, listed in conjunction with New Hampshire real estate broker Bang Realty-New England, Inc (License 075993), is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest (land & building) in a Rite Aid investment property located in Dover
Complete Details
Year Build: 2001
Building Size: 11,002 SqFt.
No of Stories: 1
Total Lot Area: 50965 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description
Lee & Associates, listed in conjunction with New Hampshire real estate broker Bang Realty-New England, Inc (License 075993), is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest (land & building) in a Rite Aid investment property located in Dover, New Hampshire (the “Property”). Constructed in 2001, the Property consists of a 11,002-square-foot retail building situated on a 1.17-acre parcel. The subject property has a corporate guaranteed lease by the Rite Aid Corporation (NYSE: RAD). Rite Aid is currently the third largest retail pharmacy in the US. With over 2,400 stores in 17 states and the District of Columbia, Rite Aid has a strong presence on both the West and East Coasts. In 2020, Rite Aid announced their new RxEvolution overhaul strategy, which includes introduction of new merchandising, implementation of cutting-edge workflow practices, re-engineering of pharmacy team engagement, workspace improvements, and state of-the-art technological/digital upgrades. The initiative will see Rite Aid spending nearly $700 million in the coming years to complete the overhaul.
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Features
  • APN 33017081500
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