Rite Aid | Olyphant, 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

1650 Main St
Olyphant, PA 18519

  • Price: $2,856,000
  • Cap. Rate: 7.50%
  • NOI: $214,200
  • Building Size: 11,180SF
  • Lot Size: 1.07 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 W LACKAWANNA & MAIN ST
  • PROTOTYPICAL FREE STANDING BUILDING | DOUBLE DRIVE - THRU
  • HARD CORNER SIGNLIZED INTERSECTION| UNPARALLELED EXPOSURE
  • BELOW MARKET RENT | LOW PROBABILY OF RELOCATION
  • WITHIN CLOSE PROXIMITY TO MID-VALLEY OUTPATIENT CENTER
  • 5 MILE POPULATION SURROUNDING SUBJECT PROPERTY IS 92,704
  • AVERAGE HOUSEHOLD INCOME WITHIN 5 MILES IS $67,391
  • NATIONAL RETAILERS IN IMMEDIATE TRADE AREA INCLUDE: CVS, STARBUCKS, FAMILY DOLLAR, NAPA AUTO, JIFFY LUBE, GIANT FOOD, DUNKIN DONUTS, DOLLAR TREE, AUTOZONE, DOLLAR GENERAL, PLANET FITNESS AND MANY MORE