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Drug Store

Rite Aid | 10 Years Remain | Strong, Upward Trending Sales

5035 Lincoln Way E, Fayetteville, PA 17222

Listing Price: $6,100,000

Cap Rate
6.00%
Tenant Name
Rite Aid
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,564
Lease Type
Double Net
Rent Per Square Feet
$25.13

Investment Overview

Demonstrating the Tenant’s commitment to this location, Rite Aid Corporation recently executed a blend extend providing five additional years of lease term in exchange for a 10 percent reduction in rent. The lease now has term through 2032, with a rental increase of $25,000 in 2028, and increases of three-and-one-half percent (3.5%) in each of the four, five-year option periods. The tenant reports healthy sales which increased four percent year-over-year, and are available from the listing agent. Most recent store sales for 2021 are in excess of $5.5 million. This is the tenant’s modern prototype which is 14,564-square-foot store with dual drive-thru lanes.

Investment Highlights

  • Recent Blend Extend; a Proven Store for Rite Aid
  • Rental Increases Every Five Years
  • Prominent 1.93-Arce Signalized CornerLocation

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Drug Store

Rite Aid | 10 Years Remain | Strong, Upward Trending Sales

Listing Price: $6,100,000

Cap Rate
6.00%
Tenant Name
Rite Aid
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,564
Lease Type
Double Net
Rent Per Square Feet
$25.13

Investment Highlights

  • Recent Blend Extend; a Proven Store for Rite Aid
  • Rental Increases Every Five Years
  • Prominent 1.93-Arce Signalized CornerLocation

Investment Overview

Demonstrating the Tenant’s commitment to this location, Rite Aid Corporation recently executed a blend extend providing five additional years of lease term in exchange for a 10 percent reduction in rent. The lease now has term through 2032, with a rental increase of $25,000 in 2028, and increases of three-and-one-half percent (3.5%) in each of the four, five-year option periods. The tenant reports healthy sales which increased four percent year-over-year, and are available from the listing agent. Most recent store sales for 2021 are in excess of $5.5 million. This is the tenant’s modern prototype which is 14,564-square-foot store with dual drive-thru lanes.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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