9160 Main St | Clarence, NY 14031
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9160 Main St
Clarence, NY 14031
Rite Aid · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease with Zero Landlord Responsibilities
- Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
- Easily Accessible with Multiple Points of Access Along Main Street and Sheridan Drive
- New 15-Year Lease Term with Nine, 5-Year Options
- Successful 29+ Years Operating History
- This Location Features a Drive Thru and Ample Parking
Executive Summary
Absolute NNN Lease with Zero Landlord Responsibilities
New 15-Year Lease Term with Nine, 5-Year Options
Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
Successful 29+ Years Operating History
Positioned at the Signalized Intersection of Main Street with Traffic Counts of Over 14,500 VPD and Sheridan Drive with Traffic Counts of Over 9,000 VPD
Easily Accessible with Multiple Points of Access Along Main Street and Sheridan Drive
NYSE: RAD | Third Largest Drugstore Chain in the U.S. with Over2,245 Locations
This Location Features a Drive Thru and Ample Parking
High Average Household Income | Average Household Income Within a 3-Mile Radius of the Subject Property Exceeds $121,500
Located 5 Miles From the Buffalo Niagara International Airport
New 15-Year Lease Term with Nine, 5-Year Options
Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
Successful 29+ Years Operating History
Positioned at the Signalized Intersection of Main Street with Traffic Counts of Over 14,500 VPD and Sheridan Drive with Traffic Counts of Over 9,000 VPD
Easily Accessible with Multiple Points of Access Along Main Street and Sheridan Drive
NYSE: RAD | Third Largest Drugstore Chain in the U.S. with Over2,245 Locations
This Location Features a Drive Thru and Ample Parking
High Average Household Income | Average Household Income Within a 3-Mile Radius of the Subject Property Exceeds $121,500
Located 5 Miles From the Buffalo Niagara International Airport
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,782 SF
Building Class
B
Year Built
1993
Price
£2,389,684
Price Per SF
£187
Net Initial Yield
6%
NOI
£143,381
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
2.57 AC
Zoning
no zoning
Parking
45 Spaces (3.52 Spaces per 1,000 SF Leased)
Frontage
147 ft on Main St
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 143200-071-130-0002-006-000 | Improvements Assessment | £1,208,715 |
| Land Assessment | £450,306 | Total Assessment | £1,659,021 |
PROPERTY TAXES
Parcel Number
143200-071-130-0002-006-000
Land Assessment
£450,306
Improvements Assessment
£1,208,715
Total Assessment
£1,659,021
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