Corporate-Guaranteed Giant Eagle Pharmacy | NNN Lease | Below Replacement Cost Freestanding drive-through pharmacy in Hollidaysburg, PA, leased to Giant Eagle, Inc. and priced below replacement cost with an in-place 7.00% cap rate. Corporate Guarantee. Lease is guaranteed by Giant Eagle, Inc., an $11.5B regional grocery and pharmacy operator ranked #42 on Forbes' 2024 list of America's Largest Private Companies. NNN Lease Structure. Tenant pays taxes, insurance, and CAM. Landlord retains responsibility for roof and structure only. Drive-Through Pharmacy Format. Freestanding building with a full drive-through pharmacy lane and on-site parking. Below Market Rent / Below Replacement Cost. In-place rent of ±$11.74/SF compares to $22–$30/SF for comparable drive-through retail space regionally. All-in basis of ±$168/SF is roughly half of estimated replacement cost. Site History. Former Rite Aid, converted to Giant Eagle Pharmacy. Currently the only full-service pharmacy in Hollidaysburg, with visibility on Route 22. Lease Term & Rent Growth. Tenant has one 3-year renewal option remaining, commencing January 31, 2030, with a contractual 10% rent increase, extending the lease through 2033. Repositioning Potential. With one option period remaining through 2033, the freestanding, drive-through-equipped building offers a future leasing or redevelopment opportunity at a basis significantly below replacement cost. Given the property's low in-place rent relative to regional drive-through retail rates of $22–$30/SF, an investor may find meaningful upside upon re-lease or repositioning at option expiration.