Rite Aid | Lebanon, 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

2 Cumberland St
Lebanon, PA 17042

  • Price: $2,652,000
  • Cap. Rate: 7.50%
  • NOI: $198,900
  • Building Size: 11,180SF
  • Lot Size: 1.31 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 CUMBERLAND ST & LINCOLN AVE
  • PROTOTYPICAL FREE STANDING BUILDING | DOUBLE DRIVE - THRU
  • LOCATED ON THE HARD CORNER SIGNLIZED INTERSECTION OF CUMBER-LAND ST & LINCOLN AVE
  • BELOW MARKET RENT | LOW PROBABILY OF RELOCATION
  • CUMBERLAND ST TRAFFIC COUNTS BOAST 30,000 VPD+
  • STRATEGICALLY LOCATED NEAR WELLSPAN GOOD SAMARITAN HOSPITAL
  • 26 MILES EAST OF HARRISBURG AND 29 MILES WEST OF READING
  • 5 MILE POPULATION SURROUNDING SUBJECT PROPERTY IS 69,480
  • AVERAGE HOUSEHOLD INCOME WITHIN 5 MILES IS $66,206