Drug Store

RITE AID I NO COMPETITION I RX EVOLUTION REBRANDING

25 W Main St, East Palestine, OH 44413

Listing Price: $2,066,400

Cap Rate
7.25%
Tenant Name
Rite Aid
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
11,335
Lease Type
Double Net
Rent Per Square Feet
$13.22

Investment Overview

Marcus & Millichap is pleased to present for a sale this double net leased Rite Aid at 25 W Main Street in East Palestine, OH. The lease has 10 more years remaining, features 6, 5-year options to renew and is corporately guaranteed by Rite Aid, the 3rd largest retail pharmacy, health and daily living destination in the U.S.

Investment Highlights

  • Over 10 Years Remaining on this NN Lease with Minimal Landlord Responsibilities.
  • Situated 50-Miles Northwest of Downtown Pittsburgh, 35-Miles to Pittsburgh International Airport, and One-Mile to the Ohio/Pennsylvania State Border.
  • Site Benefits from Being the Only National Pharmacy Located in East Palestine and the Only National Pharmacy Located within 10-Miles.
  • Lease Corporately Guaranteed by Rite Aid, the 3rd Largest Retail Pharmacy, Health and Daily Living Destination in the U.S.

Exclusively Listed By

  • Michael A. Cardone

    Licensed Real Estate Salesperson

    Email Michael

    License(s): NY: 10401311477

    Manhattan

  • Christopher Pappas

    Licensed Real Estate Salesperson

    (212) 430-5180

    Email Christopher

    License(s): NY: 10401300636

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Drug Store

RITE AID I NO COMPETITION I RX EVOLUTION REBRANDING

Listing Price: $2,066,400

Cap Rate
7.25%
Tenant Name
Rite Aid
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
11,335
Lease Type
Double Net
Rent Per Square Feet
$13.22

Investment Highlights

  • Over 10 Years Remaining on this NN Lease with Minimal Landlord Responsibilities.
  • Situated 50-Miles Northwest of Downtown Pittsburgh, 35-Miles to Pittsburgh International Airport, and One-Mile to the Ohio/Pennsylvania State Border.
  • Site Benefits from Being the Only National Pharmacy Located in East Palestine and the Only National Pharmacy Located within 10-Miles.
  • 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 present for a sale this double net leased Rite Aid at 25 W Main Street in East Palestine, OH. The lease has 10 more years remaining, features 6, 5-year options to renew and is corporately guaranteed by Rite Aid, the 3rd largest retail pharmacy, health and daily living destination in the U.S.

Exclusively Listed By

  • Michael A. Cardone

    Licensed Real Estate Salesperson

    Email Michael

    License(s): NY: 10401311477

    Manhattan

  • Christopher Pappas

    Licensed Real Estate Salesperson

    (212) 430-5180

    Email Christopher

    License(s): NY: 10401300636

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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