$2,011,000 USD
248-702-0288
163 West 26th St
Erie, PA 16508
South Suburban Erie
HIGHLIGHTS
- Located Across the Street from Saint Vincent Hospital (428-Bed Facility) | Currently Undergoing a $110 Million Renovation
- 5 Years Remaining on the Term - Tenant HAD a Right to Terminate by April 30th, 2025 which they did NOT exercise
- Double Net Lease with Minimal Landlord Responsibilities
- Lease Supports Five, 5-Year Options with Rental Escalations in Each Option
- Strategically Located at the Heavily Trafficked Signalized Intersection
- Corporate Guarantee | NYSE: RAD | Third Largest Retail Pharmacy in the U.S.
FOR SALE DETAILS
PRICE
$2,011,000 USD
PRICE/SF
$178 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Rite Aid
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.08 AC
LAND SF
47,045 SF
ZONING
AB7
APN/PARCEL ID
19-060-054.0-147.00
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248-702-0288
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248-702-0288
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