On behalf of ownership KW Commercial is proud to present this NNN investment opportunity for qualified investors - the corporate guaranteed single tenant NNN leased property, fully occupied by Rite Aid.
This exceptional asset is strategically situated in Selbyville, DE, on a hard corner signalized intersection, boasting an impressive traffic count of over 20,000 vehicles per day.
With a favorable base term lease period of 7± years remaining, this property offers stability and potential for strong returns.
Positioned on a high-visibility hard corner, this property benefits from its strategic location at a signalized intersection, ensuring maximum exposure to passing motorists and pedestrians alike.
Its prime positioning on a bustling route with a daily traffic flow of over 20,000 vehicles enhances its investment appeal.
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Property Highlights:
-Tenant: Rite Aid (Corporate Guaranteed) (NYSE: RAD)
-Lease Type: NNN (Triple Net Lease)
-Lease Term Remaining: 7± years on the base term (May 31, 2030)
-Double Drive-Thru Location
-Hard Corner Signalized Intersection
-Over 20,000± Vehicles Per Day (VPD)
-Zero Landlord Responsibilities
-1.
92 Acre Lot - Multiple Points of Ingress/Egress
-$71,800± in Average Household Income (3mi)
-Surrounding Retailers: Royal Farms, Food Lion, McDonald’s, Dollar Tree, Arby’s
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