Rite Aid Net Lease Properties

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Sands Investment Group is Pleased to Exclusively Offer For Sale the Rite Aid NNN Lease Portfolio Featuring Four Locations in Pennsylvania.

• Established Rite Aid Locations With Over 22 Years of Operating History
• Triple Net (NNN) Lease Opportunities With Zero Landlord Responsibilities
• Corporate Guarantee
• Below Replacement Cost
• Replaceable Store Rents

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

 

• 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

 

• Fee Simple Rite Aid Drug Store
• Rite Aid has Occupied this Location since 1998 & has been One of the Leading Drug Stores in the Trade Area for Over 15 Years
• 8 Years Remaining on Initial Lease Term with Five 5-Year Options to Extend
• 10% Rent Increases at Each Option Period
• Rite Aid Currently Paying Well Below Market Rent
• Immediate Frontage Road Visibility from Chamberlayne Rd with Over 30,000 VPD
• Strong Demographics Amongst Trade Area

 

• Single Tenant NNN Lease with 9 Years Remaining
• Central Retail Location
• Rent Increases in March 2018
• Tenant Recently Completed a $75,000 Wellness Center at this Location
• Rite Aid is publicly Traded on the NYSE (RAD) & Boasts $25B in Revenue, $250M in Net Income