Rite Aid | Elizabeth, PA

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

Brent Hanna

248.702.0293
brent@encorereis.com

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Offering Information

300 Market St
Elizabeth, PA 15037

  • Price: $2,754,000
  • Cap. Rate: 7.50%
  • NOI: $206,550
  • Building Size: 11,350SF
  • Lot Size: 1.29 AC

Investment Highlights

  • ABOSLUTE NET BOND LEASE | ZERO LANDLORD RESPONSIBILITY
  • CORPORATE BACKED GUARANTEE | RITE AID CORP.
  • RECENT 10 YEAR EXTENSION | STRONG COMMITMENT TO LOCATION
  • MULTIPLE ACCESS POINTS FROM MARKET ST & N 3RD AVE
  • PROTOTYPICAL FREE STANDING BUILDING | DOUBLE DRIVE - THRU
  • HARD CORNER SIGNLIZED INTERSECTION| UNPARALLELED EXPOSURE
  • BELOW MARKET RENT | LOW PROBABILY OF RELOCATION
  • NEAREST HOSPITAL IS 2.5 MILES AWAY | MAGEE WOMENS HOSPITAL
  • 15 MILES SOUTH OF PITTSBURGH AT THE CRUX OF ROUTE 51, MARKET ST & 3RD AVENUE WITH TRAFFIC COUNTS BOASTING 35,000 VPD+
  • 5 MILE POPULATION SURROUNDING SUBJECT PROPERTY IS 54,461
  • AVERAGE HOUSEHOLD INCOME WITHIN 5 MILES IS $68,434