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Drug Store

Rite Aid

620 E Allegheny Avenue, Emporium, PA 15834

Listing Price: $4,339,000

Cap Rate
6.75%
Tenant Name
Rite Aid of Pennsylvania, Inc.
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
11,479
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.51

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid Pharmacy located at 620 E Allegheny Avenue in Emporium, Pennsylvania. The site consists of roughly 11,479 rentable square feet of building space on estimated 1.18-acre parcel of land. This Rite Aid Pharmacy is subject to a 20-year absolute triple-net (NNN) lease, which commenced February 23, 2007. The current annual rent is $292,875 and is scheduled to increase by ten percent (10%) in year 21 and 31. The rent is adjusted to fair market value in year 41 and 51.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately Five (5) Years of Term Remaining
  • Corporate Guaranty
  • Publicly Traded Company: Rite Aid Corporation (NYSE: RAD)

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $4,339,000

Cap Rate
6.75%
Tenant Name
Rite Aid of Pennsylvania, Inc.
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
11,479
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.51

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately Five (5) Years of Term Remaining
  • Corporate Guaranty
  • Publicly Traded Company: Rite Aid Corporation (NYSE: RAD)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid Pharmacy located at 620 E Allegheny Avenue in Emporium, Pennsylvania. The site consists of roughly 11,479 rentable square feet of building space on estimated 1.18-acre parcel of land. This Rite Aid Pharmacy is subject to a 20-year absolute triple-net (NNN) lease, which commenced February 23, 2007. The current annual rent is $292,875 and is scheduled to increase by ten percent (10%) in year 21 and 31. The rent is adjusted to fair market value in year 41 and 51.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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