This is the sale of landlease on a parcel of land that has a 15,527 SF building leased to Kinney Drug (11,890 SF) and Fit Body Boot Camp (3,637 SF). There are approximately 9 years left of the landlease with (5) 10-year options. This investment is being offered at a 7.3% cap rate. This property is located on the heavy traffic signalized intersection of West Taft Road and Allen Road. The property has curb cuts on both streets and access to another street in the rear. There is a large medical center close by and other area retailers include AutoZone, Dunkin', Summit Federal Credit Union, Bruegger's Bagels, Core Life Eatery, Walgreens. Chuck Hafner's Garden Center, Wegmans, and others.
|Property Name:||Kinney Drugs|
|Sub Use:||Retail Freestanding|
|Building Size:||21,150 ±SF|