Introducing a prime investment opportunity in RITE AID | 1650 MAIN STREET | OLYPHANT, PA 18447. This absolute net-leased property boasts strong underlying real estate fundamentals and a promising future. Rite Aid, a longstanding tenant since 1999, pays market-aligned rent with a 37% increase expected in the 1st option period, affirming their commitment to this preferred location. Benefiting from a high-traffic intersection and recent local economic growth due to Amazon Fulfillment Center and Canpack, this property offers stability and potential for long-term gains. With a current CAP rate of 8.00% and NOI of $174,000, this ±11,153 SF building on a ±1.14-acre lot presents a lucrative opportunity for investors.
Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, PA DRE Lic. 423816