The Rite Aid is situated on the northeast corner of Route 9 (Atlanta Highway) and Post Road in Alpharetta, Georgia. The subject property is on a signaled intersection with great visibility and access from Route 9 and Post Road. This intersection is one of the major retail nodes in the area. Across from the subject property is Midway Shopping Center, a 80,000 square foot center anchored by Publix with Regions Bank, Chevron, Wendy's and Home Plate Sports Grille. Situated along Route 9 (Atlanta Highway) west of the subject property are two other major retail nodes - a Wal-Mart Supercenter (1.09 miles) and a Kroger anchored center (1.23 miles). Further along Route 9 are many national and neighborhood retailers including Citizens Bank, United Community Bank, Crescent Bank & Trust, Cici Pizza and CVS/pharmacy. Alpharetta is a city in north Fulton County, Georgia. Alpharetta is located 14-miles north of Atlanta

Though the credit of the tenant is a concern to many, the quality of this property as a retail location in a high-end growing community is outstanding. The credit of the tenant is mitigated by a low rent per square foot of $22.64 and a low cost of $251.57 per square foot on price, well below other drug stores throughout the country and in the Atlanta metro area. The nearby Publix anchored shopping center is evidence of the quality of the location and the growth in the local market. This is great long term real estate and is leaseable to any number of potential tenants.

In an uncertain real estate environment and with a tenant that has less than good credit, this investment offers the certainty of a great location, excellent traffic counts, great demographics with a growing and vibrant local economy.

This property has a 20 year non-recourse, self-amortizing loan in place. Original amount was $1,500,000. Interest rate of 5.92% 1% assumption fee. Prepay penalty is equal to yield maintenance or 1%, whichever is greater.

Contact Listing Agent for a Full Offering Memorandum.