Rite Aid in Closes in Mechanicsville, Virginia

Rite Aid in Closes in Mechanicsville, Virginia

SIG is pleased to announce the closing of Rite Aid in Mechanicsville, Virginia.

Investment Highlights Include:

  • Fee Simple Rite Aid Drug Store
  • Rite Aid has Occupied this Location Since 1998 & has been One of the Leading Drug Stores in the Trade Area for Over 15 Years
  • 8 Years Remaining on Initial Lease Term with Five 5-Year Options to Extend
  • 10% Rent Increases at Each Option Period
  • Rite Aid Currently Paying Well Below Market Rent
  • Immediate Frontage Road Visibility from Chamberlayne Rd. with Over 30,000 VPD
  • Strong Demographics Amongst Trade Area

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