13554 Carrollton Blvd
Carrollton, VA 23314

LONG TERM CORPORATE GUARANTEED RITE AID LEASE (NYSE: RAD | S&P: B) • 20-year lease commenced in January, 2017 • The lease features a 5% rental increase in Year 11 and then a 7.5% increase every 10-years throughout the 6 (five-year) option periods, steadily increasing NOI and hedging against inflation • Attractive assumable in-place financing at 4.50% fixed rate concurrent with term of the lease (property can be purchased free and clear of debt) • New 2017 High-Quality Brick Construction ABSOLUTE NNN | FEE SIMPLE OWNERSHIP | ZERO LANDLORD RESPONSIBILITIES • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Ideal, management-free investment for an out-of-state, passive investor SIGNALIZED, HARD CORNER INTERSECTION | 41,000 VPD • The subject property is located at the signalized, hard corner intersection of Carrollton Boulevard and Smith’s Neck Road with more than 41,000 vehicles per day • The immediate area along Carrollton Boulevard features three traffic signals in close proximity and provides strong visibility for the subject property • The site has excellent visibility with significant highway frontage and multiple points of access along both adjacent streets RETAIL CORRIDOR LOCATION | CLOSE PROXIMITY TO PAUL D CAMP COLLEGE (1,812 STUDENTS) • Rite Aid is within walking distance to national tenants including Food Lion, Bojangles, Dunkin’ Donuts, 7-Eleven, Subway, Sonic, and more. • Close proximity to Paul D Camp College (1,812 Students) AFFLUENT 5-MILE TRADE AREA | SIX FIGURE INCOMES • More than 19,800 residents support the trade area • Average household income exceeds $103,000 in 5 miles