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Drugstore For Sale • 10,908 SF
| Rite Aid has been successfully operating here since 1999, recently extended its lease for an additional 10 years as well as remodeled the store |
| Located adjacent to the University of Delaware’s main campus, with over 24,000 students enrolled this is largest university in the state of Delaware |
| The subject property is occupied by national pharmacy tenant paying $24 per s/f, is situated on more than 2 acres at a signalized intersection |
| Little to no landlord expenses or responsibilities coupled with a higher cap rate and low fixed rate debt available for a national pharmacy tenant |
| Average household income over $96,000, population density over 124,000 not counting the 24K U of Del. Students |
| Two five year options to renew the lease each with rental increases |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Rite Aid | 13,000 SF |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Newark (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) | 4 min | - | 2.0 mi |
| Churchmans Crossing (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) | 14 min | - | 6.7 mi |
| Airport | Drive | Walk | Distance |
| Philadelphia International | 51 min | - | 35.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 35 |
| Type: | Surface |
| Included in Rent: | Yes |
