Marcus & Millichap negotiated the sale of Rite Aid, a 11,160-square-foot net-leased property in Holland, Michigan. The asset sold for $1.575 million.
Mitchell Kiven and Nicholas Kanich, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Steven Chaben, Michigan Broker of Record, assisted in closing this transaction.
Rite Aid is located at 973 Washington Ave. in Holland, and has been operating at this site since 1998. The store sits on a corner parcel at a busy retail intersection with a curb cut on each street and a drive-through pharmacy window.
