For Sale

Rite Aid | Hampton, VA

Asking Price: $10,075,000 | Cap Rate: 6.75%

  • Net Operating Income: $680,077
  • Weighted Avg. Lease Term (WALT): 16 Years
  • Lease Type: Absolute Net

Property Highlights

  • Relocation of one of the top grossing Rite Aids in historic Hampton, Virginia
  • High barrier to entry location - limited commercial zoning in the area
  • 16 years remaining on 20 year Absolute Net Lease
  • Lease is corporately guaranteed by Rite Aid, Inc.