Listing Contacts
Kenneth Yanni
License: PA RS323884
Bart Delfiner
License: PA RS223488L
Edward Ginn
License: PA RM050201A
Brianna Barratt
License: PA RS348200
Asking Price
$2,618,880
Address
4400 Pennell Rd
Aston, PA
Property Details
Asking Price
$2,618,880
Property Type
Retail
Sub Type
Freestanding
Investment Type
Net Lease
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Tenancy
Single
Lease Term
27 years
Lease Commencement
08/28/1998
Lease Expiration
09/01/2025
Remaining Term
5.1 years
Square Footage
9,804
Price/Sq Ft
$267.12
Cap Rate
7.50%
Occupancy
100%
NOI
$196,416
Buildings
1
Lot Size (acres)
0.905
Parking (spaces)
46
Lease Options
Renewed 1st option, one additional 5-year option
Ownership
Fee Simple
Property Description
Equity Retail Brokers is pleased to exclusively offer for sale to qualified investors the opportunity to the fee simple interest in a Rite Aid located in Aston, PA. The tenant, Rite Aid, is an “essential services” businesses with continued strong performance in 2020. Rite Aid has approximately 2,464 locations across 19 states has annual revenue over $21.5 billion. 
Property Highlights
  • The property is subject to an absolute NNN “bond” lease with Rite Aid - zero landlord responsibilities.
  • The subject property sits at the signalized intersection of Pennell Road and Dutton Mill Rd and has excellent visibility from all traffic directions. The intersection sees over 21,550 vehicles per day.
  • Rite Aid has operated in this location for over 20 years and has recently renewed their lease.
  • The site is centrally located between Center City Philadelphia and Wilmington, DE with convenient access to I-95 (approx. 1-mile from site).