Location
Rite Aid is strategically situated at the signalized, hard corner intersection of Waterville Swanton Road and Waterville Monclova Road with a combined 9,700 vehicles passing by daily. The asset is also less than 1 mile off of U.S. Highway 24 (24,000 VPD), the main thoroughfare traveling into Toledo, with convenient on/off ramp access. Rite Aid is within close proximity to a Kroger anchored center (only grocer in the trade area), which helps promote crossover shopping to the subject property. Other nearby national/credit tenants include Key Bank, the YMCA, Edward Jones Investments, Pet Valu, Dollar General, and others. In addition, the Rite Aid is the only major pharmacy within 10 miles, increasing the consumer draw to the site. Furthermore, the asset is near numerous single-family communities and multi-family complexes including StoryPoint Waterville (96 units), The Village at Waterville Landing (108 units), Steedman Apartments (252 units), and others, providing a direct residential consumer base for the site. The 5-mile trade area is supported by more than 33,900 residents with an affluent average household income of $122,718.