Drug Store
Rite Aid | 13+ Years Remaining | Wilmington, DE MSA | Replicable Rental Rate
501 E Basin Rd, New Castle, DE 19720
Listing Price: $2,283,465
Investment Overview
Originally operated as an Eckerd, which Rite Aid acquired in 2006, Rite Aid executed a sale leaseback on this location in November 2021. There are more than 13 years remaining on the 15-year absolute NNN lease that features rental increases of 5% every five years during the base term and nine, five-year option periods*. This is a mature location operating here since 1987, and geofencing data from Placer.ai supports that this is a high-performing store. It ranks in the 74th percentile of stores in Delaware with 99.1 thousand annual customer visits.
Drug Store
Rite Aid | 13+ Years Remaining | Wilmington, DE MSA | Replicable Rental Rate
Listing Price: $2,283,465
Investment Highlights
- Established Location with 35-Year Operating History
- 13+ Years Remaining
- Mature Population of 48,084 Within 3-Miles
Investment Overview
Originally operated as an Eckerd, which Rite Aid acquired in 2006, Rite Aid executed a sale leaseback on this location in November 2021. There are more than 13 years remaining on the 15-year absolute NNN lease that features rental increases of 5% every five years during the base term and nine, five-year option periods*. This is a mature location operating here since 1987, and geofencing data from Placer.ai supports that this is a high-performing store. It ranks in the 74th percentile of stores in Delaware with 99.1 thousand annual customer visits.
