Westford, Massachusetts – Today’s informationis regarding Rite Aid as a Tenant. Linear Retail Properties, LLC, has purchased a free-standing, Net Lease Investment with a Rite Aid Pharmacy. This Net-leased property consists of 15,103 square feet and is located in Westford, Massachusetts. Westford is about 36 Miles northwest of Boston, Massachusetts.
This Net Lease Property was purchased for $3.4 million. The seller of this Net Lease Investment was Sovereign RA II LLC. This Investment Group is an affiliate of Corporate Partners Property Group, a California-based investment company.
The Net Lease Property, with the Tenant Rite Aid Pharmacy is located at Westford’s primary commercial intersection of Littleton Road (Route 110) and Carlisle Road. The Commercial Propertywas developed in 1995 and was first an Osco Drug, then becoming a Brooks Pharmacy in 2002. The Investment Property then followed with a net lease by Rite Aid.
We have more information if you are considering acquiring a Net Lease Investment. Rite Aid Pharmacy is the third largest drugstore chain in the U.S, and will continue to service the residents of the surrounding towns of Westford. This area has many high tech businesses in the area, including the recently relocated IBM Regional Headquarters. Some of the services provided at this Net Leased Rite Aid are a drive-thru pharmacy, food mart, flu shots, and photo services.
This area has many attractive Net Lease Properties with Tenants such as a net-leased CVS Pharmacy, Jo-Ann Fabrics, Quiznos, net-leased Dunkin’ Donuts, Blockbuster Video, Olympia Sports, RadioShack, Cingular Wireless, and Starbucks, and many others.
Some other Net Lease Investments to consider are General Services Administration (GSA) properties. These Net Lease Properties have a lease that is guaranteed by the General Services Administration (GSA). Long lease terms, guaranteed by General Services Administration (GSA) make for an attractive offer on a Net Lease Investment.
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