Drug Store
Rite Aid
115 5th St, Ellwood City, PA 16117
Listing Price: $6,326,657
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.
Rite Aid
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
Listing Price: $6,326,657
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
