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Department Store

Rite Aid

17069 S Dupont Hwy, Harrington, DE 19952

Listing Price: $5,112,000

Cap Rate
8.00%
Tenant Name
Rite Aid
Years Remaining On Lease
3.9
Gross SF
14,564
Guarantor
Corporate Guarantee
Rentable SF
14,564
Price/Gross SF
$351.00
Lease Type
Double Net
Rent Per Square Feet
$28.08

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 17072 South Dupont Highway in Harrington, DE.

Investment Highlights

  • Longstanding Tenancy | Property Has Been A Rite Aid for Sixteen Years
  • Located One Mile North of Harrington Raceway & Casino
  • High Visibility & Ease of Access off S Dupont Hwy & Strong Traffic Counts
  • Ten (10%) Percent Rental Increases Every Five (5) Years Throughout Option Periods
  • Positioned in Dense Retail Corridor
  • Numerous Hospitality Accommodations Located Within a One-Mile Radius

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    License(s): DE: RB-0002461

    Delaware

Listing Price: $5,112,000

Cap Rate
8.00%
Tenant Name
Rite Aid
Years Remaining On Lease
3.9
Gross SF
14,564
Guarantor
Corporate Guarantee
Rentable SF
14,564
Price/Gross SF
$351.00
Lease Type
Double Net
Rent Per Square Feet
$28.08

Investment Highlights

  • Longstanding Tenancy | Property Has Been A Rite Aid for Sixteen Years
  • Located One Mile North of Harrington Raceway & Casino
  • High Visibility & Ease of Access off S Dupont Hwy & Strong Traffic Counts
  • Ten (10%) Percent Rental Increases Every Five (5) Years Throughout Option Periods
  • Positioned in Dense Retail Corridor
  • Numerous Hospitality Accommodations Located Within a One-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 17072 South Dupont Highway in Harrington, DE.

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    License(s): DE: RB-0002461

    Delaware

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