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Dark Walgreens | Hopkinsville, KY
2626 Fort Campbell Boulevard - Hopkinsville, KY 42240
Cap Rate: 11.50%
Available
$2,700,000
Tenant: Rite Aid | Palm Desert, CA
Premises: 17,272 SF
Renewal Options: 6 x 5 Years
Lease Expiration: 1/31/2028
Lease Type: NN
Rental Increases: 5% at Option Periods
Sands Investment Group is Pleased to Exclusively Offer For Sale the Rite Aid NN Lease Located at the Corner of Washington Street & Wildcat Drive in the Heart of Palm Desert, California. This Property Has 6+ Years Remaining on the Base Term of the Lease and Features Rare 5% Increases at Each of the 6 x 5 Year Option Periods Providing a Hedge Against Inflation. The Building Includes a Double Lane Drive-Thru and Rite Aid Has Added a GNC Live Well Inside As Well. Rite Aid is the Third Largest Drugstore Chain in the Country Operating Over 2,500 Locations. This Asset Sits Strategically Across the Street From Sun City Palm Desert Active Adult Community With Over 5,000 Homes Providing a Built-In Customer Base For a Drug Store. It’s Also Located Across From Eisenhower Health Center and a DaVita Dialysis Clinic Adding to the Existing Base. With Close Freeway Proximity, Strong Traffic Counts & an Affluent Trade Area, This Asset is Perfect For a 1031 Investor. This Deal Offers a Long-Term Secure Income Stream, Strong Yield With a Pandemic & Recession Resistant Tenant.
BEST IN CLASS FEATURING STRONG YIELD
DAILY NEEDS & NECESSITY BASED TENANT
DOMINANT LOCATION & BUILT IN CUSTOMER BASE
In Cooperation With Sands Investment Group, Inc Lic. # 01768950
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Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation is on the front lines of delivering healthcare services and retail products to Americans 365 days a year. Our pharmacists are uniquely positioned to engage with customers and improve their health outcomes. We provide an array of whole being health products and services for the entire family. As the trusted, everyday care connector, Rite Aid drives lower healthcare costs through better coordination, stronger engagement, and personalized services that help you achieve whole health for life. Through Elixir, we provide pharmacy benefits and services to millions of members nationwide.
The company operates through two segments, Retail Pharmacy and Pharmacy Services. As of April 28, 2021, the company operated approximately 2,500 retail pharmacy locations in 17 states. Rite Aid Corporation was founded in 1962 and is headquartered in Camp Hill, Pennsylvania. The company ranked No. 150 in the 2020 Fortune 500 list of the largest United States corporations by total revenue. Rite Aid is the largest drugstore chain on the East Coast and the third largest in the U.S.
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