Commercial Real Estate Virginia

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Top Grossing Rite Aid
Hampton, Virginia

Investment Highlights

  1. Top Grossing Rite Aid
  2. Price: $12,365,000 / Cap Rate: 5.50%
  3. 10% Rental Increases Every 10 Years
  4. Approx. 17 Years Remain on Base Term
  5. Huge Lot Size (approx 2.5 acres)
  6. New Store Prototype

-Relocation of Top Grossing Rite Aid Store in the Country!
-Highly Visible Signalized, Hard Corner Location
-Lease is Corporately Guaranteed by Rite Aid, Inc. / -S&P "B" Rating
-Located in the historic district of Hampton, Virginia
-Hampton is home to Langley Air Force Base, NASA Langley Research, and the Virginia Air and Space Center
-Attractive 5 Mile Demographics with over 107,000 residents and an average household income of $63,000
LemRx Realty Advisors

John Lee
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