Drug Store
Rite Aid
1396 W Chestnut St, Washington, PA 15301
Listing Price: $6,952,305
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.
Rite Aid
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
Financing By
Listing Price: $6,952,305
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
Financing By
