Prime Dark Lease Opportunity with Rite Aid Tenant Guarantee ** Discover a unique investment opportunity KW Commercial presents—a fully occupied, corporate-guaranteed, single-tenant NNN leased property featuring Rite Aid. While the Rite Aid tenant is no longer operating here, the lease remains fully guaranteed through July 2029, offering stability and assurance to potential investors.
This former 14,673 SF Rite Aid drive-thru is strategically located on a substantial 1.17-acre site at the signalized intersection of 32nd Street (Camp Hill Bypass) and Market Street in Camp Hill Borough. The property's commercial zoning permits diverse uses, including retail, dining, and medical offices, making it an exceptionally sought-after location within the trade area. Investors can explore various deal types, including land leases, small retail spaces, and full-building build-to-suit projects.
Situated at the bustling crossroads of Market Street and North 32nd Street, this corner parcel boasts exceptional visibility and accessibility, benefitting from a robust traffic flow of over 47,126 daily vehicle movements. The former Rite Aid location continues to enjoy prominent exposure, surrounded by renowned brands such as Trader Joe's, PNC Bank, 7-Eleven, Starbucks, Chipotle, Wells Fargo, Panera Bread, and CVS/Pharmacy, collectively generating substantial traffic. Moreover, the property's history speaks to its potential. Before its closure, this Rite Aid store demonstrated remarkable sales performance, ranking in the top 37 percent statewide (154th out of 418) and averaging an impressive 85,000 annual customer visits. For the savvy investor, the enticing possibility exists of negotiating a buyout from Rite Aid for the remaining term of their lease, adding further value to this exceptional investment opportunity.