Rite Aid | Shenandoah, 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

15 S Main St
Shenandoah, PA 17976

  • Price: $2,754,000
  • Cap. Rate: 7.50%
  • NOI: $206,550
  • Building Size: 11,180SF
  • Lot Size: .73 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 S MAIN ST & S MARKET ST
  • PROTOTYPICAL FREE STANDING BUILDING | DOUBLE DRIVE - THRU
  • OFF HARD CORNER SIGNALLIZED INTERSECTION OF S MAIN ST & W CENTRE ST
  • ZERO LOCAL COMEPTITON | ONLY DRUGSTORE WITHIN 4 MILES
  • BELOW MARKET RENT | LOW PROBABILY OF RELOCATION
  • STRATEGICALLY POSITIONED AS THE MEDIAN POINT BETWEEN ROUTES 924 AND 54
  • 5 MILE POPULATION SURROUNDING SUBJECT PROPERTY IS 23,559
  • AVERAGE HOUSEHOLD INCOME WITHIN 5 MILES IS $51,012