• Description
  • Details
The subject sits at the northeast corner of Madison Street and
Liberty Parkway. Located on a major thoroughfare just down
the road from Austin Peay State University, the location offers
premium sight lines and access. Nearby retailers include Publix,
Kroger, Lowe’s, Dollar General, along with several restaurants
options such as Chick-fil-A and Papa John’s.
Developed in 1998, the property consists of 1.53 acres of land
improved with a 11,304-square-foot building. The infill location,
high traffic counts, and strong demographics make this property
a solid long-term investment.
In 2012, Rite Aid experienced encouraging growth and a credit
upgrade, as it focused on improving its services, remodelling
stores, and closing poor performers. The company has seen
two percent same-store growth over the previous year, and the
stock is up 34 percent from its 52-week low in October.
  • Property Type : Retail
  • Property Size : 10,908
  • Year Built : 1998
  • Stories : 1
  • Typical Floor Size : 10,908
  • Elevators : 0