Triple Net Lease with 14 Years Remaining on Long Term Lease
Sales Have Increased Over 8% from 2013 to 2014
New Roof Installed in 2015 with 20-Year Transferable Warranty
Ideal Location Along Busy Retail Corridor. Neighboring Tenants Include IGA, Taco Bell, Family Dollar, Arby’s and AutoZone
Excellent Traffic Counts with 12,000 VPD Along Youngstown-Poland Rd and 46,000 VPD Along Nearby I-680
Rite Aid is one of the top three leading drugstore chains in the United States along with CVS & Walgreens. Headquartered in East Pennsboro Township, Cumberland County, Pennsylvania, Rite Aid is a Fortune 500 company. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. Rite Aid began in 1962 as a single store opened in Scranton, Pennsylvania called Thrif D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Today, Rite Aid is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid reported total sales of US$ 25.5 billion in fiscal year 2014. In 2008, its market capitalization dropped to under $500 million. As of 6 February 2015, the market capitalization of Rite Aid was about $7.15 billion. Its major competitors are CVS and Walgreens.