Rite Aid

Ellwood City, PA

Key Details

Price:$5,000,000
Cap Rate:8.00%
Annual Rent:$400,000
Address:115 East 5th Avenue, Ellwood City, Pennsylvania 16117
Property Type:Retail
Lease Type:Triple Net (NNN)

Property Data

Original Lease Term:31 Years
Lease Commencement:3/9/2005
Lease Expiration:2/28/2037
Lease Term Remaining:11.8 Years
Rental Increases:12.45% At Option 1 | 1.54% At Option 2
Lot Size:1.25 Acres
Building Size:13,824 SF
Year Built:2005
NNN Pro is pleased to present the exclusive listing for a Rite Aid located at 115 East 5th Avenue, Ellwood City, Pennsylvania 16117. The site consists of roughly 13824 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Rite Aid is subject to a 31-year Triple Net (NNN) lease, which commenced 3/9/2005. The current annual rent is $400,000 and has scheduled increases of 12.45% At Option 1 | 1.54% At Option 2.

About the Investment

  • Ellwood City’s Main Retail Corridor | Major National Retailers In The Immediate Area | One-Mile Away From Ellwood City Health Center - Primary Health Network The subject property is located along Fifth St, which is the city’s main retail corridor. The property is a few parcels away from a new construction Sheetz, McDonald’s, and an ongoing Dunkin’ development. Other nearby retailers in the area include CVS Pharmacy, Burger King, Domino’s Pizza, PNC Bank, and more. The property is approximately one-mile away from Primary Health Network’s Ellwood City Health Center, which opened in August 2019.
  • Strong Real Estate Fundamentals | Signalized Hard Corner Lot | Drive-Thru | Multiple Access Points | Large Pylon Sign The subject property is situated on a signalized hardcorner lot with a drive-thru. The property has three (3) access points via Spring Ave, 5th St, and Fountain Ave. A large pylon sign is present along Fountain Ave, increasing the visibility of the property.
  • Large 1.25-Acre Parcel | Ample Parking Spaces | 11,220 Vehicles Per Day Along 5th St The subject property sits on a large 1.25-acre parcel with 50 parking spaces to accommodate the strong traffic counts of the immediate area. The property benefits from an influx of traffic along Fifth St, Spring Ave, and Fountain Ave. There are 11,220 vehicles per day along 5th St.

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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Judson Kauffman

jkauffman@nnnpro.com
License: NY: 10401296108
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Hannan Ben Yosef

hbenyosef@nnnpro.com
License: NY: 10401358655
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Matt Sorace

msorace@nnnpro.com
License: NY: 10401367850

Broker of Record

Brian Brockman

Bang Realty-Pennsylvania, Inc
License: RM432816
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.