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2704 Belmont Ave

Youngstown, OH 44505

$2,336,871

Drugstore For Sale  •  11,325 Sq Ft

Property Details

  • Property Type Drugstore
  • Total Building Size 11,325 Sq Ft
  • Lot Size 1.06 ac
  • Building Class B
  • Year Built 1996
  • Cap Rate 8.50 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
57 Walk Score

Description

The 11,325 square foot Rite Aid benefits from its hard corner location along Belmont Ave (17,189 VPD) which is a primary north-south thoroughfare. The property is positioned just off of and can be easily accessed from Interstate 80 (50,096 VPD) and Route 711 (24,979). Retailers in the immediate area include Walmart Supercenter, ALDI, KeyBank, Huntington National Bank and McDonald’s. There are over 100,000 people living within five miles of the property.

The Rite Aid lease expires October 25, 2021 and features five 5-year renewal option periods with $1 PSF rental escalations in each option. Rite Aid Corporation operates 2,526 stores in the United States. Rite Aid Corporation was founded in 1962 and is headquartered in East Pennsboro Township, Pennsylvania. Rite Aid is publicly traded on the New York Stock Exchange using the symbol “RAD”.

Property Flyers

Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Rite Aid 11,325 SF 10/31/2021

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Youngstown-Warren Regional Airport 18 min - 12.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 55
Type: Surface
Included in Rent: Yes
Randy Blankstein 847-562-0003 The Boulder Group
Randy Blankstein 847-562-0003 The Boulder Group