OFFERING MEMORANDUM Former RITE AID · OFFERING SUMMARY ATLANTA CONYERS Tenant Property Address...

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Subject Property OFFERING MEMORANDUM Former RITE AID Conyers (Atlanta MSA), GA

Transcript of OFFERING MEMORANDUM Former RITE AID · OFFERING SUMMARY ATLANTA CONYERS Tenant Property Address...

Subject Property

OFFERING MEMORANDUM

Former RITE AIDConyers (Atlanta MSA), GA

OFFERING SUMMARY

ATLANTA

CONYERS

TenantProperty Address

Price

2240 Salem Road SE Conyers, GA

CAP Rate 7Price/SF $NOI $Square Footage 9,780Year Built 1995Lot Size 1.08 AcresType of Ownership Fee Simple

DEMOGRAPHICS 1-MILE 3-MILE 5-MILE

Population 4,952 39,495 89,904Avg. Household Income $64,219 $66,329 $64,388

Population Growth 52.87% 53.18% 46.43%

AERIAL

RITE AID SITE PLAN

67,600 VPD

36,600 VPD

AERIAL

Former Rite Aid Conyers, GA

The subject property is a 9.780sf freestanding Rite Aid drugstore. Rite Aid will close at this location in July of 2018. They remain obligated on the lease through May of 2020 at $169,601 per annum, plus taxes, insurance, common area maintenance, and utilities.

The property will be available vacant as of August 1, 2018.

The owners will consider a long term lease of the property as is, a renovation of the property to suit a credit tenant, or a sale of the property.

For more information please contact:

Sam Perlman

Adams & Co. Real Estate Inc.

404-255-7535x5

[email protected]