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| Price $2,018,750 | Built/Renov 1998 | Tenant Rite Aid |
| Cap Rate 8.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
11,118
| Lease Start
11-09-2021
| #Units
1,690
|
| Price/SF $181.57 | Expiration
11-30-2036
| Tenant Type Pharmacy |
| NOI $161,500 | R. Term 12.0 | Ownership Fee Simple |
| Rent/SF
$14.53
| Increases 10.5%/2/yrs | Pop 5Mi 31,991 |
| Lot/AC 1.39 | Options 9/5yrs/5% | AHHI 5Mi $74,964 |
| | |
Rite Aid is strategically located at the signalized, hard corner intersection of Philadelphia Street and N 4th Street, with access to 22,735 vehicles passing by daily. Its prime location is further enhanced as the nearest Rite Aid is 16 miles away, making it the sole provider serving the city of Indiana and surrounding communities. Additionally, Indiana University of Pennsylvania, which...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
University college close
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company
Rite Aid Corporation (OTC: RADCQ) is a leading American drugstore chain. Rite Aid stores offer an array of health products as well as basic healthcare services. It was founded in 1962 in Scranton,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 13,163 | 25,288 | 31,858 |
| 2024 Total Population : | 13,333 | 25,708 | 32,397 |
| 2024 Employed Civilian Pop : | 5,565 | 10,532 | 13,056 |
| 2024 Total Businesses : | 677 | 1,424 | 1,622 |
| 2024 Average Household Income : | $ 72,306 | $ 82,296 | $ 84,002 |
| 2024 Total Consumer Spending : | $ 278 M | $ 706 M | $ 936 M |
| 2024 Median Age : | 24 | 31 | 35 |
| 2024 Total Households : | 4,297 | 9,654 | 12,542 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,514 | 3,625 | 4,499 |
| 2024 Average Home Value : | $ 185,530 | $ 231,376 | $ 228,408 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N 4th St | Philadelphia St | 2019 | 7,983 | 0.04 mi |
| North Coulter Avenue | Philadelphia St | 2021 | 11,074 | 0.11 mi |
| South 4th Street | Gompers Ave | 2020 | 4,730 | 0.12 mi |
| North Coulter Avenue | N Coulter Ave | 2019 | 11,156 | 0.13 mi |
| Philadelphia Street | N Walnut St | 2020 | 8,805 | 0.15 mi |
| Water St | N Coulter Ave | 2017 | 2,708 | 0.15 mi |
| North 5th Street | North Ave | 2021 | 2,054 | 0.18 mi |
| N 5th St | Nixon Ave | 2019 | 1,967 | 0.18 mi |
| S 3rd St | School St | 2017 | 3,022 | 0.18 mi |
| South 5th Street | School St | 2020 | 2,250 | 0.26 mi |
Abbeville, SC
Cap Rate 8.00%
Lease Abs NNN
R. Term 6.40 yrs
Size/SF 9,801
Indianapolis, IN
Cap Rate 8.50%
Lease Double NN
R. Term 1.90 yrs
Size/SF 12,585
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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