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