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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.
- ◦Sale/Acquisition
