Rite Aid NNN Property For Sale — Conneaut Lake, PA
285 Water Street, Conneaut Lake, PA unknown
This Rite Aid property offers investors a secure, triple-net lease investment with zero landlord responsibilities, meaning a truly passive income stream. Strategically located at a signalized intersection along a primary east-west thoroughfare with 12,000 vehicles per day, the site benefits from excellent visibility and accessibility. The store boasts above-average sales and a favorable rent-to-sales ratio, indicating strong store performance and tenant health. This offering presents an exceptional opportunity to acquire a stable asset in a prominent commercial location.
- Address: 285 Water Street, Conneaut Lake, PA unknown
- Asking price $4.64M
- 7.00% cap rate
- NOI $325,116
- 1 years remaining
- NNN lease
- Building size: 10,908 SF
- Lease expiration: Sep 23, 2027
- Guarantor: Corporate
Location
This Rite Aid property is at 285 Water Street in Conneaut Lake, Pennsylvania.
Asset type: Retail