The subject sits at the northeast corner of Madison Street andLiberty Parkway. Located on a major thoroughfare just downthe road from Austin Peay State University, the location offerspremium sight lines and access. Nearby retailers include Publix,Kroger, Lowe’s, Dollar General, along with several restaurantsoptions such as Chick-fil-A and Papa John’s.Developed in 1998, the property consists of 1.53 acres of landimproved with a 11,304-square-foot building. The infill location,high traffic counts, and strong demographics make this propertya solid long-term investment.In 2012, Rite Aid experienced encouraging growth and a creditupgrade, as it focused on improving its services, remodellingstores, and closing poor performers. The company has seentwo percent same-store growth over the previous year, and thestock is up 34 percent from its 52-week low in October.
- Property Type : Retail
- Class : B
- Listing Size : 10,908
- Year Built : 1998
- Stories : 1
- Typical Floor Size : 10,908
- Elevators : 0