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Boulder Group Finalizes Rite Aid Sale in Cleveland MSA

The Boulder Group completed the sale of a single-tenant Rite Aid Pharmacy located at 3871 Center Rd. in Brunswick, OH, within the Cleveland metro area. The property sold for $2,985,000.

Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction, a Midwest-based real estate company. The buyer was an investor based in the Northeast.

The 13,500-square-foot Rite Aid Pharmacy is positioned just off of the signalized intersection of Center Road and Hadcock Road in Brunswick. Center Road is the primary east-west thoroughfare in the area experiencing traffic counts of 30,300 vehicles per day.  

The store’s lease has more than four years remaining on its first renewal option period, which expires Dec. 31, 2025. The lease features seven five-year renewal option periods remaining.  


Inside The Story

Boulder Group’s Blankstein and Goodman

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition