100 E Vienna St
Clio, MI 48420
Rite Aid | 8.84% CAP | $2.75M | NNN · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Rite Aid property located in Clio, MI. The lease has approximately 2 years remaining before the two (5-year) options to follow and operates on an absolute net lease basis with no landlord responsibilities. Income guaranteed by Rite Aid corporate (S&P B) Fortune 500 Company with over 2,500 locations. Rite Aid retained this location in its sale of 1,900 locations to Walgreens in 2018 showing commitment to the site. The store has a successful operating history of 20+ years at this location. The Subject Property is located on a signalized corner in the heart of Clio at the cross section of West Vienna Street (18,712 VPD) and South Mills Street (10,523 VPD). Interstate 75, which is one of the major north-south highways in the country is located 1.5 miles west from Rite Aid with traffic counts of over 62,100 vehicles per day. This Rite Aid is the only national drugstore chain in Clio with the next nearest competition over 4.4 miles to the south. The subject property benefits from a strong concentration of national retail tenants and is located on the main corridor in the city of Clio. Located one mile to the west along Vienna Road is a Tractor Supply and Goodwill anchored center. Other national tenants in the surrounding area include Tim Horton’s, Chase Bank, Walmart Super Center, McDonald’s, Arby’s, Taco Bell, Applebee’s and Menards. Clio is located just 14 miles north of Flint, Michigan along interstate 75. Flint is the largest city in Genesee county with a population of more than 102,434 residents. Clio is a city in Genesee County located in Vienna Township. Along with the rest of Genesee County, Clio is part of the Flint Metropolitan Statistical Area which has a population of 425,790 residents. Located along the Flint River, the city of Flint is 66 miles northwest of Detroit and is a principal city within the region known as "Mid Michigan". With over 11,000 acres of woods, water and trails Genesee County offers Michigan’s largest county park system. Four major highways intersect Genesee county providing direct access to all of Michigan’s major cities in addition to providing a strong freight transit environment.