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Drug Store

Rite Aid

1700 Pine Hollow Rd, McKees Rocks, PA 15136

Listing Price: $7,863,790

Cap Rate
5.65%
Tenant Name
Rite Aid
Years Remaining On Lease
14.4
Gross SF
11,186
Guarantor
Corporate Guarantee
Rentable SF
11,186
Price/Gross SF
$703.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.72

Investment Overview

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale this brand-new Rite Aid store with Drive-Thru located at 1700 Pine Hollow Rd, McKees Rocks, PA (the “Property”). The new store is a relocation from an inline store that has been in existence since 1980. Rent commenced on February 25, 2016, and is subject to a 20-year lease expiring 02/28/2036. The property comprises a +/- 11,186 SF building on a 1.602-acre parcel, that is strategically positioned to be easy to access over 161,712 people within a five-mile radius, along major traffic thoroughfare with national retailers nearby including Kenmar Plaza Across the Street with Tenants Including McDonald’s, Dollar General, AutoZone, PNC Bank, BP Gas 7-Eleven, Brew Thru Beer Company, Wendy’s, Subway, U-Haul among others. The Property benefits from its highly visible location with a drive-thru, easy accessibility, and convenient location along a strong arterial, surrounded by commercial and residential in an area less than one mile from Ohio Valley Hospital, a 124-Bed Medical, Surgical, and Teaching Facility with Senior Living and Emergency Services.

Investment Highlights

  • Minimal Competition No Walgreens Within Five Miles In Any Direction
  • 15-Year Modified NNN Lease Commenced March 1, 2016, With 15-Year Full Roof Warranty
  • Has a 10 Percent Rent Increase At End Of Year 10
  • Subject Located Only 8 Mi. E. of Pittsburgh Int. Airport and 5 Mi West of Downtown
  • Newly Built Drug Store with Ample Parking, Busy Drive-Thru, and Great Visibility

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $7,863,790

Cap Rate
5.65%
Tenant Name
Rite Aid
Years Remaining On Lease
14.4
Gross SF
11,186
Guarantor
Corporate Guarantee
Rentable SF
11,186
Price/Gross SF
$703.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.72

Investment Highlights

  • Minimal Competition No Walgreens Within Five Miles In Any Direction
  • 15-Year Modified NNN Lease Commenced March 1, 2016, With 15-Year Full Roof Warranty
  • Has a 10 Percent Rent Increase At End Of Year 10
  • Subject Located Only 8 Mi. E. of Pittsburgh Int. Airport and 5 Mi West of Downtown
  • Newly Built Drug Store with Ample Parking, Busy Drive-Thru, and Great Visibility

Investment Overview

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale this brand-new Rite Aid store with Drive-Thru located at 1700 Pine Hollow Rd, McKees Rocks, PA (the “Property”). The new store is a relocation from an inline store that has been in existence since 1980. Rent commenced on February 25, 2016, and is subject to a 20-year lease expiring 02/28/2036. The property comprises a +/- 11,186 SF building on a 1.602-acre parcel, that is strategically positioned to be easy to access over 161,712 people within a five-mile radius, along major traffic thoroughfare with national retailers nearby including Kenmar Plaza Across the Street with Tenants Including McDonald’s, Dollar General, AutoZone, PNC Bank, BP Gas 7-Eleven, Brew Thru Beer Company, Wendy’s, Subway, U-Haul among others. The Property benefits from its highly visible location with a drive-thru, easy accessibility, and convenient location along a strong arterial, surrounded by commercial and residential in an area less than one mile from Ohio Valley Hospital, a 124-Bed Medical, Surgical, and Teaching Facility with Senior Living and Emergency Services.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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