Rite Aid Pharmacy

Recently negotiated and closed the sale of a freestanding, 17,272 square foot net-leased drugstore on 1.4 acres in in Granite Falls, WA. The remaining lease term at the time of sale was 14 years with Rite Aid Corporation (S&P: B) with lease escalations of 10% at Year 11, Option 1, and Option 3. The property is absolute triple-net with no landlord responsibilities.

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