LONG TERM LEASE: Rite Aid recently signed a 10-year lease extension demonstrating their commitment to the location and the market. Rite Aid has 10+ years remaining on their Absolute NNN Lease with one (1), 5-year renewal option.
ATTRACTIVE RENT INCREASES: The lease calls for an attractive rent increase at the start of the renewal option period providing the investor with an attractive increase in revenue and a hedge against inflation.
ZERO LANDLORD RESPONSIBILITIES: The Rite Aid lease is Absolute NNN and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor.
STRATEGIC RETAIL LOCATION: Rite Aid is extremely well located along Mount Vernon Street (NH Route 13) at the intersection of Grove Street, and Amherst Street. Mount Vernon Street (NH Route 13) is the area’s primary commuter corridor. Rite Aid benefits from excellent visibility and signage with two points of entry and egress and sees more than 21,000 vehicles per day. Milford is located in Southern New Hampshire and is approximately 12-miles from Nashua and 15-miles from Manchester, the area’s two largest cities.
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.
