MATYSEK INVESTMENT GROUP
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INVESTMENT SUMMARY

364 Main St. Conneaut, OH 44030

  • Type
    Single Tenant
  • Price
    $1,030,000
  • CAP Rate
    6.99%
  • NOI
    $72,000
  • Building Size
    12,468 SF
  • Lease Term
    6 Years
  • Status
    CLOSED
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MEMORANDUM
CONTACT BROKER

Paul Z. Matysek, CCIM

T: 310.405.0902 paul@matysekinvestment.com

BROKER OF RECORD

123

RITE AID
Below replacement cost; Very low price per SF

INVESTMENT HIGHLIGHTS

  • Single Tenant NNN property leased to Rite Aid with 6+ Years remaining
  • Publicly traded on the NYSE: RAD with over 4,700 locations nationwide and $25.2 Billion in sales
  • Absolute NNN lease provides for no LL responsibilities, Tenant responsible for roof & structure
  • Rite Aid executed an early lease extension showing future commitment to the site
  • Low rent to sales ratio
  • Well positioned in trade area
  • Below replacement cost; very low price per SF