Former Rite Aid - Simpsonville, SC
202 Scuffletown Rd Simpsonville , SC 29681-7202
Former Rite Aid - Simpsonville, SC - Retail for sale
•The property is leased to Eckerd Corporation, a subsidiary of Rite Aid. Rite Aid is one of the largest retail pharmacy chains in the country with over 4,500 locations across the United States.
•The tenant is operating on an absolute triple-net lese with absolutely zero landlord responsibilities, offering a passive investment opportunity for the remainder of the current lease term.
•The property is located along a major retail thoroughfare that includes national retail tenants such as Publix, Bi-Lo, Lowes Foods, Walgreens, and CVS. Other traffic drivers in the immediate area include SportsClub Five Forks, Greenville County Public Library, and Greenville Tennis Club.
•The property is surrounded by a densely-populated and affluent consumer base, with over 98,000 residents and an average household income of $101,000 within a five-mile radius.
•With more than four years of cash flow in-place before the lease expires, future ownership has time to secure a new tenant while collecting rental payments.
|Tenure Type||Sale / Purchase|
|Property Address||202 Scuffletown Rd, Simpsonville, SC 29681-7202|
|Land In Acres||1.45|
|Building Size||10,908 ft2|
|Tenant's Name||RITE AID Corporation|
|Lease Expiration Date||12/10/2023|
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