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Rite Aid - Availability Details

301 South Main Street, Standish, MI 48658

  • For Sale $2,160,760.92
  • Property Type Retail - Freestanding
  • Property Size 11,180 Sqft
  • Lot Size 1.96 Acre
  • Property Tenancy Single Tenant
  • Year Built 1997
  • Date Updated Nov 08, 2021
The city of Standish is the county seat of Arenac County, Michigan. It is located about 35 miles south of Tawas Bay, just off of Lake Huron. Standish is home to 1,813 people (2009, U.S. Census). It encompasses 2.1 square miles on the eastern border of Michigan, on Lake Huron, spurring the city motto of "Gateway to the Sunrise Side." Standish is home to Saganing Eagles Landing Casino. The casino is a 32,000 square foot facility with more than 800 slot machines and 40 electronic table games. Arenac County was organized in 1883 during the lumber boom. Today, it remains a popular resort area, with plenty of canoeing, hunting, and fishing. Standish, the county seat, is known as a supply headquarters for those traveling up North. Arenac County is located at the bottom of Saginaw Bay on Lake Huron. This area has long been inhabited, as 5000-year-old Native American artifacts have been found in the area. The Rifle, Au Gres, and Pine Rivers made for excellent fishing and canoeing routes for both the Ottawa Indians and early settlers to the area. The Rifle, AuGres, and Pine Rivers continue to be favorite canoeing, rafting, and fishing. The miles of Saginaw Bay shoreline Arenac County offer challenging Lake Huron fishing and boating.
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Location

  • City Standish, MI
  • Zip Code 48658

Contacts

broker

Marcel Pearl

Encore Real Estate Investment Services

(248) 702-0942

Highlights

  • Passive Investment - Absolute NNN Lease - Zero Landlord Responsibilities
  • Strong Location - Tenant has Occupied the Location for Approximately 25 Years and Recently Committed to a Brand New 10 Year Extension Early
  • Attractive Rental Increases in the Option Periods and an Additional Rent of $1,300 Per Month until 7/2022
  • Prototypical Freestanding Building with Drive Thru - "Main on Main" Location surrounded by a Plethora of National Retailers
  • Captive Market with Limited Market Competition - Rite Aid has Occupied this Since since 1997 and has No Direct Competition in Standish from Walgreens or CVS
  • In Close Proximity to Standish Ascension Hospital
  • Rite Aid Corporate Guarantee

Frequently Asked Questions

What year was Rite Aid built and finished?

Rite Aid was completed in 1997.

Contact Listing Broker

broker

Marcel Pearl

Encore Real Estate Investment Services

(248) 702-0942

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