RITE AID STORE SELLS FOR $3.1 MILLION IN GEORGIA

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MARIETTA, GA. — A private New York-based investor has acquired a fee-simple Rite Aid building in Marietta for $3.1 or $218.27 per square foot. Located at 1900 Sandy Plains Road, the property is situated at a signaled intersection across from a Publix-anchored shopping center. The property is secured by a 20-year NNN lease with 15 years remaining. Tim Giambrone of Marcus & Millichap's Atlanta office represented the buyer. The seller was not disclosed.

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