Rite Aid Portfolio

Four Properties in Pennsylvania
Offering Memorandum
Rite Aid Portfolio
Free Standing Drug Store Properties
Property Details
Equity Retail Brokers is pleased to offer for sale a portfolio of Rite Aid Pharmacies located in Pennsylvania. All subject properties are 100% leased to Rite Aid and are operating under recently extended NNN leases.  The portfolio is being sold as package, with the in-place financing.
Investment Highlights
  • Portfolio includes four Rite Aid locations in Eastern Pennsylvania, including Philadelphia and Harrisburg.
  • Each location has an absolute NNN lease which expires on January 31, 2029.
  • Fifteen year lease extensions were signed for all locations on 1/1/2014.
  • Average rent per square foot is $12.97, which is significantly lower than comparable drug store locations.
  • Recent remodels made to update stores to Rite Aid’s “Wellness” format.
  • Properties are cross-collateralized with an attractive loan where investors will see strong cash-on-cash returns.
  • Ideal for 1031 exchange buyers looking to leverage proceeds into multiple proven performing assets.
Contact

Ken Yanni

484.417.2223
kyanni@equityretailbrokers.com

Shane Dolan

484.482.2544
sdolan@equityretailbrokers.com

Ed Ginn

484.417.2201
eginn@equityretailbrokers.com

Bart Delfiner

484.417.2217
bdelfiner@equityretailbrokers.com