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Drug Store

Rite Aid | Recently Extended Lease

17069 S Dupont Hwy, Harrington, DE 19952

Listing Price: $5,663,015

Cap Rate
6.50%
Tenant Name
Rite Aid
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
14,564
Lease Type
Double Net
Rent Per Square Feet
$25.27

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 17069 South Dupont Highway in Harrington, Delaware. The site consists of roughly 14,564 rentable square feet of building space on estimated 1.92-acre parcel of land. This property is subject to a double-net (NN) lease, which commenced on April 30th, 2005. The current annual rent is $368,096 and is scheduled to increase by seven and a half percent (7.50%) in February 2027 and then ten percent (10%) at each of the five (5), five (5)-year renewal options. Additionally, the tenant recently extended the term through 2033, showing a strong commitment to the site.

Investment Highlights

  • Strong & Increasing Store Sales (Inquire With Listing Agent)
  • Longstanding Tenancy & Recently Extended Lease | Property Has Been A Rite Aid for Sixteen Years, Rite Aid Just Extended Lease
  • Recently Refreshed Location | All Work Completed By Rite Aid

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) DE: RB-0031090

    Delaware

Drug Store

Rite Aid | Recently Extended Lease

Listing Price: $5,663,015

Cap Rate
6.50%
Tenant Name
Rite Aid
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
14,564
Lease Type
Double Net
Rent Per Square Feet
$25.27

Investment Highlights

  • Strong & Increasing Store Sales (Inquire With Listing Agent)
  • Longstanding Tenancy & Recently Extended Lease | Property Has Been A Rite Aid for Sixteen Years, Rite Aid Just Extended Lease
  • Recently Refreshed Location | All Work Completed By Rite Aid

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rite Aid located at 17069 South Dupont Highway in Harrington, Delaware. The site consists of roughly 14,564 rentable square feet of building space on estimated 1.92-acre parcel of land. This property is subject to a double-net (NN) lease, which commenced on April 30th, 2005. The current annual rent is $368,096 and is scheduled to increase by seven and a half percent (7.50%) in February 2027 and then ten percent (10%) at each of the five (5), five (5)-year renewal options. Additionally, the tenant recently extended the term through 2033, showing a strong commitment to the site.

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): DE: RB-0031090

    Delaware

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