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.
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 |
Talk to the Pros

Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178

Judson Kauffman
jkauffman@nnnpro.com
License: NY: 10401296108

Hannan Ben Yosef
hbenyosef@nnnpro.com
License: NY: 10401358655

Matt Sorace
msorace@nnnpro.com
License: NY: 10401367850
Broker of Record
Brian Brockman
Bang Realty-Pennsylvania, Inc
License: RM432816
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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.