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Rite Aid

Ellwood City, Pennsylvania

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NNN Pro Group is pleased to present the exclusive listing for a Rite Aid located at 117 5th St, Ellwood City, PA 16117. The site consists of roughly 13,824 rentable square feet of building space on estimated 1.25-acre parcel of land.
Rite Aid is subject to a ±10.2-year absolute Triple-Net (NNN) lease, which commenced March 9th, 2005. The current annual rent is $442,866 and is scheduled to increase by 1.56% and 1.54% throughout each of the two (2), five (5)-year tenant renewal option periods.

  •  ±10.2 Years Remaining on an Absolute Triple-Net (NNN) Lease with Two (2) – Five (5) Year Tenant Renewal Option Periods Brining potential Lease Term up to over 21 Years
  •  Rental Increases Throughout Each of the Tenant Renewal Option Periods
  •  Corporate Guarantee – Lease Corporately Guaranteed by Rite Aid, the 3rd Largest Retail Pharmacy, Health and Daily Living Destination in the U.S.

Key Details

Price:
$5,535,825
Cap Rate:
8.00%
Annual Rent:
$442,866
Address:
115 5th Street, Ellwood City, Pennsylvania 16117
Property Type:
Net-Leased Drug Store
Lease Type:
Absolute Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
March 9th, 2005
Lease Expiration:
January 31st , 2034
Lease Term Remaining:
±10.2 Years
Rental Increases:
Throughout Options: 1.56% | 1.54%
Lot Size:
+/-1.25 Acres
Building Size:
13,824 SF
Year Built:
2005
Tenant:
Rite Aid

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Judson Kauffman

License: 10401296108

Hannan Ben Yosef

License: 10401358655

Broker of record

Brian Brockman

Bang Realty - Pennsylvania, Inc

License: RM432816


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