1650 Main St - Drug Store FOR SALE


Olyphant, PA 18447
$1,881,081 USD
332-345-4310
1650 Main St, Olyphant, PA for Sale
$1,881,081 USD
Drug Store - FOR SALE
1/2
null | 9.25% Cap Rate

1650 Main St
Olyphant, PA 18447


HIGHLIGHTS

  • Short-Term NNN Lease with Flexibility
  • Low Rent Basis Supports Long-Term Value
  • Versatile Box for Medical, Service, or Retail Use

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Rite Aid located at 1650 Main Street, Olyphant, PA 18447. The site consists of roughly 11,153 rentable square feet of building space on an estimated 1.07-acre parcel of land. This Rite Aid is subject to a 22.03-year Triple Net (NNN) lease, which commenced 4/1/1999. The current annual rent is $174,000 and has scheduled increases of flat until options.

FOR SALE DETAILS

PRICE

$1,881,081 USD

PRICE/SF

$169 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

-

APN/PARCEL ID

11410070044

ASK ABOUT THIS PROPERTY

Steven HansenNNN Pro GroupMore Info
332-345-4310

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Steven HansenNNN Pro GroupMore Info
332-345-4310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.