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Rite Aid 8239 Waterville Swanton Rd 14,673 SF of Retail Space Available in Waterville, OH 43566
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 14,673 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $409,647 CAD/YR $34,137 CAD/MO | Triple Net (NNN) |
1st Floor
This property is positioned at a signalized intersection with a daily traffic count of 9,700 vehicles and is less than a mile from US Hwy 24, a major thoroughfare to Toledo. The area boasts a strong tenant mix, including a Kroger-anchored center, Key Bank, the YMCA, Edward Jones Investments, Dollar General, and more. Additionally, the property is well situated near a mix of single-family homes and multi-family complexes.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT RITE AID
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Rite Aid
- Drug Store
- -
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Rite Aid | Drug Store | - | National |
PROPERTY FACTS
| Total Space Available | 14,673 SF | Gross Leasable Area | 14,673 SF |
| Property Type | Retail | Year Built | 2014 |
| Property Subtype | Drug Store | Parking Ratio | 4.09/1,000 SF |
| Total Space Available | 14,673 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 14,673 SF |
| Year Built | 2014 |
| Parking Ratio | 4.09/1,000 SF |
ABOUT THE PROPERTY
- Freestanding building with drive-thru, previously a Rite Aid - Great lease or redevelopment opportunity in a prime retail area with easy access to nearby neighborhoods, well-known national and regional retailers, and main commuter routes - High visibility thanks to extensive street frontage and a large pylon sign - 3,900 vpd on Waterville Monclova, 7,000 on Waterville Swanton aka Michigan Ave, 24,000 on US Hwy 24 - Listed in conjunction with Joseph Simon of SRS National Net Lease Group
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Rite Aid | 8239 Waterville Swanton Rd
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