Drug Store
Rite Aid
620 E Allegheny Avenue, Emporium, PA 15834
Listing Price: $4,339,000
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
Listing Price: $4,339,000
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
