Drug Store

RITE AID I NO COMPETITION I RX REVOLUTION REBRANDING

1 E High St, Union City, PA 16438

Listing Price: $1,684,750

Cap Rate
7.30%
Tenant Name
RITE AID
Years Remaining On Lease
7.4
Gross SF
6,779
Guarantor
Corporate Guarantee
Rentable SF
6,779
Price/Gross SF
$248.52
Lease Type
Double Net
Rent Per Square Feet
$18.14

Investment Overview

Marcus & Millichap is pleased to exclusively present this double net leased Rite Aid located at 1 E High Street in Union City, PA. The lease has over 7 years remaining and the property is situated just 20-miles south of Erie, PA. This Rite Aid benefits from being the only national drug store retailer in Union City and one of only two pharmacies in town.

Investment Highlights

  • Over 7 Years Remaining on this NN Lease with Minimal Landlord Responsibilities.
  • Situated Just 20-Miles South of Erie, PA and 15-Miles to the Pennsylvania/New York State Border.
  • Situated at the Heavily Trafficked Signalized Intersection of High Street and Main Street with a Combined Traffic Count of Nearly 19,000 Vehicles Per Day.
  • Site Benefits from Being the Only National Drug Store Retailer Located in Union City and One of Only Two Pharmacies in Town.
  • Lease Corporately Guaranteed by Rite Aid, the 3rd Largest Retail Pharmacy, Health and Daily Living Destination in the U.S.

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

Drug Store

RITE AID I NO COMPETITION I RX REVOLUTION REBRANDING

Listing Price: $1,684,750

Cap Rate
7.30%
Tenant Name
RITE AID
Years Remaining On Lease
7.4
Gross SF
6,779
Guarantor
Corporate Guarantee
Rentable SF
6,779
Price/Gross SF
$248.52
Lease Type
Double Net
Rent Per Square Feet
$18.14

Investment Highlights

  • Over 7 Years Remaining on this NN Lease with Minimal Landlord Responsibilities.
  • Situated Just 20-Miles South of Erie, PA and 15-Miles to the Pennsylvania/New York State Border.
  • Situated at the Heavily Trafficked Signalized Intersection of High Street and Main Street with a Combined Traffic Count of Nearly 19,000 Vehicles Per Day.
  • Site Benefits from Being the Only National Drug Store Retailer Located in Union City and One of Only Two Pharmacies in Town.
  • Lease Corporately Guaranteed by Rite Aid, the 3rd Largest Retail Pharmacy, Health and Daily Living Destination in the U.S.

Investment Overview

Marcus & Millichap is pleased to exclusively present this double net leased Rite Aid located at 1 E High Street in Union City, PA. The lease has over 7 years remaining and the property is situated just 20-miles south of Erie, PA. This Rite Aid benefits from being the only national drug store retailer in Union City and one of only two pharmacies in town.

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

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