111-113 W Main St - Freestanding FOR SALE


West Newton, PA 15089
$2,783,250 USD
248-702-0288
111-113 W Main St, West Newton, PA for Sale
$2,783,250 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

111-113 W Main St
West Newton, PA 15089


HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • New 15-Year Lease Term with Nine, 5-Year Options
  • Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
  • Successful 36+ Years Operating History
  • Positioned at a Stand-Alone Corner Location of W Main Street and Collinsburg Road

OVERVIEW

Absolute NNN Lease with Zero Landlord Responsibilities New 15-Year Lease Term with Nine, 5-Year Options Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option Successful 36+ Years Operating History NYSE: RAD | Third Largest Drugstore Chain in the U.S. with Over2,245 Locations Positioned at a Stand-Alone Corner Location of W Main Street and Collinsburg Road Easily Accessible with Multiple Points of Access Along W Main Street

FOR SALE DETAILS

PRICE

$2,783,250 USD

PRICE/SF

$213 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

C

APN/PARCEL ID

22-01-15-0-097

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.