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Drug Store

Rite Aid

115 5th St, Ellwood City, PA 16117

Listing Price: $6,326,657

Cap Rate
7.00%
Tenant Name
Rite Aid
Years Remaining On Lease
2.2
Guarantor
Corporate Guarantee
Rentable SF
13,824
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.04

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 117 5th St, Ellwood City, PA 16117. The site consists of roughly 13,824 rentable square feet of building space on estimated 1.25-acre parcel of land. Rite Aid is subject to a 11.7-year absolute Triple-Net (NNN) lease, which commenced March 9th, 2005. The current annual rent is $442,866 and is scheduled to increase by 1.56% and 1.54% throughout each of the two (2), five (5)-year tenant renewal option periods.

Investment Highlights

  • ±11.7 Years Remaining on an Absolute Triple-Net (NNN) Lease with Two (2) – Five (5) Year Tenant Renewal Option Periods Brining potential Lease Term up to over 21 Years
  • Rental Increases Throughout Each of the Tenant Renewal Option Periods
  • Corporate Guarantee –Lease Corporately Guaranteed by Rite Aid, the 3rdLargest Retail Pharmacy, Health and Daily Living Destination in the U.S.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $6,326,657

Cap Rate
7.00%
Tenant Name
Rite Aid
Years Remaining On Lease
2.2
Guarantor
Corporate Guarantee
Rentable SF
13,824
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.04

Investment Highlights

  • ±11.7 Years Remaining on an Absolute Triple-Net (NNN) Lease with Two (2) – Five (5) Year Tenant Renewal Option Periods Brining potential Lease Term up to over 21 Years
  • Rental Increases Throughout Each of the Tenant Renewal Option Periods
  • Corporate Guarantee –Lease Corporately Guaranteed by Rite Aid, the 3rdLargest Retail Pharmacy, Health and Daily Living Destination in the U.S.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 117 5th St, Ellwood City, PA 16117. The site consists of roughly 13,824 rentable square feet of building space on estimated 1.25-acre parcel of land. Rite Aid is subject to a 11.7-year absolute Triple-Net (NNN) lease, which commenced March 9th, 2005. The current annual rent is $442,866 and is scheduled to increase by 1.56% and 1.54% throughout each of the two (2), five (5)-year tenant renewal option periods.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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