Drugstore For Sale
11,325 Sq Ft
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”.