Rite Aid NNN Property For Sale — Greenville, NC
3020 East 10th Street, Greenville, NC 27858
This offering presents a corporate Rite Aid Pharmacy, strategically located in Greenville, North Carolina. The property benefits from an absolute NNN lease, providing a secure and passive investment. With over 9 years remaining on the primary lease term and five 5-year options for renewal, this asset offers long-term stability and potential for rental escalations during the option periods, hedging against inflation. The property is a freestanding drug store built in 2001, enjoying excellent visibility and high traffic counts exceeding 40,000 vehicles daily. The surrounding area is a vibrant retail hub with numerous national tenants. Greenville is a thriving city, home to East Carolina University and Vidant Medical Center, contributing to a strong local economy and a robust demographic pro…
- Address: 3020 East 10th Street, Greenville, NC 27858
- Asking price $3.94M
- 7.10% cap rate
- NOI $279,473
- 0.1 years remaining
- NNN lease
- Year built: 2001
- Building size: 10,908 SF
- Lot size: 1.64 acres
- Lease expiration: Sep 30, 2026
- Rent increases: Scheduled rental increases in each option period.
- Guarantor: Corporate
Location
This Rite Aid property is at 3020 East 10th Street in Greenville, North Carolina.
Asset type: Retail Drug Store