20000 Grand River Ave, Detroit, MI 48219

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Building Details:

• Year Built: 1988

20000 Grand River Ave is located in Detroit, MI.

. Rite Aid Corporate Guaranteed Lease (S&P: B)
. NNN Lease | No Landlord Responsibilities
. Corporate Guarantee
. Excellent Population Density | 5 Mile is 462,137
. Rite Aid (Family Dollar Sublease)
. Family Dollar Credit Rating (Ba2) Superior to Rite Aid
. Excellent Traffic Counts; 30,000 VPD at Intersection

The Jonna Group of Marcus & Millichap is pleased to exclusively present for sale this NNN leased Rite Aid sub leased to Family Dollar located in Detroit, Michigan. Built in 1996, Rite Aid (Family Dollar Sublease) currently occupies all 13,064 square feet. Rite Aid has five years remaining on their corporate guaranteed lease. The 0.62 acres site sits strategically at the highly trafficked intersection of Grand River Ave & Evergreen Road (traffic count over 24,000 vehicles per day). This property offers great potential upside as the demographics are ideal for Family Dollar sites. Excellent five mile demographics with a population of 462,137 people and rooftop density of 144,000 plus.

Rite Aid Corporation is also proud to be one of the nation’s leading drugstore chains. With approximately 4,600 stores in 31 states and the District of Columbia, it has a strong presence on both the East and West Coasts. Rite Aid is the largest drugstore chain on the East Coast and the third largest in the United States. Rite Aid currently is employing roughly 89,000 associates. This company is publicly traded on the New York Stock Exchange under the ticker symbol RAD.