Drug Store
Rite Aid
165 Butler Rd, Kittanning, PA 16201
Listing Price: $6,064,591
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 165 Butler Road, Kittanning, PA 16201. The site consists of roughly 13,813 rentable square feet of building space on estimated 0.61-acre parcel of land. Rite Aid is subject to a 8.9-year absolute triple-net (NNN) lease, which commenced February 25th, 2005. The current annual rent is $363,875 and is scheduled to increase by 13.01% and 1.68% throughout the two (2), five (5)-year tenant renewal option periods.
Rite Aid
Investment Highlights
- Passive Income –Over 8 Years Remaining on an Absolute Triple-Net (NNN) Lease (No Landlord Responsibilities)
- Two (2) –Five (5) Year Tenant Renewal Option Periods, Brining Potential Lease Term up to over 18 Years
- Corporate Guarantee –Lease Corporately Guaranteed by Rite Aid, the 3rdLargest Retail Pharmacy, Health and Daily Living Destination in the U.S.
Broker of Record
Financing By
Listing Price: $6,064,591
Investment Highlights
- Passive Income –Over 8 Years Remaining on an Absolute Triple-Net (NNN) Lease (No Landlord Responsibilities)
- Two (2) –Five (5) Year Tenant Renewal Option Periods, Brining Potential Lease Term up to over 18 Years
- 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 165 Butler Road, Kittanning, PA 16201. The site consists of roughly 13,813 rentable square feet of building space on estimated 0.61-acre parcel of land. Rite Aid is subject to a 8.9-year absolute triple-net (NNN) lease, which commenced February 25th, 2005. The current annual rent is $363,875 and is scheduled to increase by 13.01% and 1.68% throughout the two (2), five (5)-year tenant renewal option periods.
Broker of Record
Financing By
