115 5th St - Drug Store FOR SALE
Ellwood City, PA 16117 |
$5,000,000 USD
332-345-4222
115 5th St
Ellwood City, PA 16117
HIGHLIGHTS
- Original 20-Year Lease Was Extended By 8 Years And Runs Through 2037 | Strong Commitment To The Site | Nearly 20-Year Operating History
- Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities | Approximately 12.5 Years Remaining
- Lease Corporately Guaranteed By Rite Aid Corporation | The Third Largest Drugstore Chain In The United States | 1,400+ Locations | 45,000+ Employees
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Rite Aid
located at 115 Fifth St, Ellwood City, PA 16117. The site consists of
roughly 13,824 rentable square feet of building space on an
estimated 1.25-acre parcel of land. This Rite Aid is subject to a 20-
year Triple Net (NNN) lease, which commenced 3/9/2005. The
current annual rent is $400,000 and has scheduled increases of
12.45% in Option 1 and 1.54% in Option 2.
FOR SALE DETAILS
PRICE
$5,000,000 USD
PRICE/SF
$362 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Rite Aid
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.25 AC
LAND SF
54,450 SF
ZONING
C\2
APN/PARCEL ID
13-039200
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332-345-4222
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332-345-4222
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