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Forest Park Rite Aid NNN deal

Property price: $2,500,000 + Closing costs
*2% Commission

Rite Aid Forest Park is a tenant single that operate at this location over 20 years . The building consists of 10,908 -square feet of rentable space. The property  is located on the signalized corner of state Why 331 and Ash street and is less than one mile away from State Hwy 54 . Situated  nine miles south of Atlanta .

This building has been exceptionally maintained and provides professional curb appeal, high visibility signage opportunities and ample parking spaces. The property is currently 100 percent occupied by Rite Aid .,  The tenant has had a long-term history with the building and currently pays $18,620  NNN per month. This asset is extremely easy to manage and would be an ideal opportunity for an owner/user or investor.

  • Status: For sale
  • Year Built: 1998
  • Building size: 10,908sqft (1,013.38sqft )
  • Lot size: 1.39 Acres (60,548.4)
  • Tenants: 1
  • Financial details

  • Monthly Rent: $18,620.33
  • Annual Gross Rent: $223,450
  • Real estate taxes: N/A
  • Insurance: N/A
  • Utilities: N/A
  • Repairs & maintanence: N/A
  • Lot sweeping: N/A
  • Pest control: N/A
  • Landscaping: N/A
  • Video monitoring: N/A
  • Fire protection: N/A
  • Cleaning services: N/A
  • Waste removal: N/A
  • Management fee: N/A
  • Administrative: N/A
  • Reserves/Replacement: N/A
  • Vacancy: N/A
  • Total Annual Expenses: N/A
  • Net Yearly Income: $223,450
  • Net Annual Return: 8.93%
  • Financial Expenses

  • 70% Loan To Property Price: $1,750,000
  • Equity: $750,000
  • Expected Interest: 5% fixed for 25 years
  • Monthly Return: $10,230.33
  • Annual Return: $122,763.96
  • Annual Interest Return: $82,794.56
  • Annual Principal Return: $39,969.39
  • Net Income After Financing Expenses: $100,686.04
  • Net Income After Financing Expense and Principal Return: $140,655.43
  • Total Annual Return: 13.42%
Pacific Holdings
Real Estate Investments
877-324-6904
PACIFIC HOLDINGS | LOS ANGELES
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: 877-324-6904
Fax-877-282-8028