Rite Aid 1195 Boblett St
17,340 SF Retail Building Blaine, WA 98230 £3,454,447 (£199.22/SF) 12% Net Initial Yield
EXECUTIVE SUMMARY
• Extremely strong performing location with a low rent to sales ratio (contact broker for more details)
• Rite Aid originally relocated from a nearby strip center
• Absolute NNN with zero landlord responsibilities
• Over 8 years remaining in the primary term of the lease
• Located at the hard corner of a signalized intersection along Truck Route 543 which is a primary north-south thoroughfare
• Positioned immediately off of Interstate 5 and is just south of the United State/Canadian border
• There is limited competition for this store as there are no other national pharmacies within 13 miles of the property
• Retailers in the immediate area include Cost Cutter, UPS, Dollar Tree and Burger King
• Six-?gure average household income within ?ve miles ($119,350)
• Rite Aid originally relocated from a nearby strip center
• Absolute NNN with zero landlord responsibilities
• Over 8 years remaining in the primary term of the lease
• Located at the hard corner of a signalized intersection along Truck Route 543 which is a primary north-south thoroughfare
• Positioned immediately off of Interstate 5 and is just south of the United State/Canadian border
• There is limited competition for this store as there are no other national pharmacies within 13 miles of the property
• Retailers in the immediate area include Cost Cutter, UPS, Dollar Tree and Burger King
• Six-?gure average household income within ?ve miles ($119,350)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,340 SF
Building Class
B
Year Built
2014
Price
£3,454,447
Price Per SF
£199.22
Net Initial Yield
12%
NOI
£414,534
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
2.22 AC
Parking
50 Spaces (2.87 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Rite Aid
- -
- -
- -
- Jan 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Rite Aid | - | - | - | Jan 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 400106-317420-0000 | Improvements Assessment | £2,229,107 |
| Land Assessment | £1,044,200 | Total Assessment | £3,273,308 |
