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Drug Store

Rite Aid

1396 W Chestnut St, Washington, PA 15301

Listing Price: $5,959,114

Cap Rate
7.00%
Tenant Name
Rite Aid
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
13,813
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.20

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located 1396 West Chestnut Street. The site consists of roughly 13,813 rentable square feet of building space on estimated 3.00-acre parcel of land. Rite Aid is subject to an 8.9-year absolute triple-net (NNN) lease, which commenced on July 9th, 2003. The current annual rent is $417,138, and is scheduled to increase by 12.77% and 1.46% throughout each of the two (2), five (5)-year tenant renewal option periods.

Investment Highlights

  • Passive Income –8.9 years Remaining on an Absolute Triple-Net (NNN) Lease -No Landlord Responsibilities
  • Attractive Rental Increases Throughout 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

Financing By

Listing Price: $5,959,114

Cap Rate
7.00%
Tenant Name
Rite Aid
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
13,813
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.20

Investment Highlights

  • Passive Income –8.9 years Remaining on an Absolute Triple-Net (NNN) Lease -No Landlord Responsibilities
  • Attractive Rental Increases Throughout 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 1396 West Chestnut Street. The site consists of roughly 13,813 rentable square feet of building space on estimated 3.00-acre parcel of land. Rite Aid is subject to an 8.9-year absolute triple-net (NNN) lease, which commenced on July 9th, 2003. The current annual rent is $417,138, and is scheduled to increase by 12.77% and 1.46% 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

Financing By

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