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| Price $2,225,000 $2,245,000 | Built/Renov 1998 | Tenant Rite Aid |
| Cap Rate 8.83% 8.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,963
| Lease Start
08-28-1998
| #Units
2,309
|
| Price/SF $223.33 $225.33 | Expiration
09-01-2025
| Tenant Type Pharmacy |
| NOI $196,413 | R. Term 0.3 | Ownership Fee Simple |
| Rent/SF
$19.71
| Increases 0.0%/0/yrs | Pop 5Mi 187,352 |
| Lot/AC 0.91 | Options 1/5yrs | AHHI 5Mi $98,965 |
| | |
Rite Aid is strategically located at the hard corner, signalized T-intersection of Pennell Road and Dutton Road, with a combined daily traffic count of 33,951 vehicles. The property benefits from its close proximity to Neumann University, which boasts an enrollment of 1,840 students, and is conveniently located just 4 miles from the Crozer-Chester Medical Center. The immediate area is home to...
...Hard corner intersection
In location for years
Major thoroughfare
Dense retail corridor
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
Rite Aid Corporation is one of the leading drugstore chains in the United States. It was founded in 1962 in Scranton, PA under the name Thrift D Discount Center. Rite Aid adopted its current name...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,935 | 85,498 | 185,491 |
| 2023 Total Population : | 9,041 | 86,224 | 186,493 |
| 2023 Employed Civilian Pop : | 4,873 | 43,301 | 91,659 |
| 2023 Total Businesses : | 480 | 2,387 | 5,869 |
| 2023 Average Household Income : | $ 128,629 | $ 104,477 | $ 114,696 |
| 2023 Total Consumer Spending : | $ 395 M | $ 3032 M | $ 7184 M |
| 2023 Median Age : | 43 | 40 | 41 |
| 2023 Total Households : | 3,624 | 33,739 | 72,973 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,429 | 11,975 | 29,257 |
| 2023 Average Home Value : | $ 369,943 | $ 328,576 | $ 371,905 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Dutton Mill Rd | Turner Industial Way | 2017 | 10,328 | 0.15 mi |
| Pennell Road | Concord Rd | 2021 | 12,024 | 0.27 mi |
| Pennell Road | Lehr Blvd | 2022 | 7,045 | 0.27 mi |
| Market Street | Bethel Ave | 2022 | 20,458 | 0.38 mi |
| Market Street | Bellview Ter | 2021 | 24,371 | 0.38 mi |
| West Dutton Mill Road | Pancoast Ave | 2019 | 10,355 | 0.40 mi |
| West Dutton Mill Road | Joann Dr | 2021 | 11,739 | 0.40 mi |
| Market St | Willers Rd | 2016 | 21,151 | 0.49 mi |
| Pancoast Ave | Wellington Rd | 2009 | 5,313 | 0.58 mi |
| Weir Rd | Williams Dr | 2017 | 4,415 | 0.59 mi |
Abbeville, SC
Cap Rate 8.00%
Lease Abs NNN
R. Term 6.40 yrs
Size/SF 9,801
Glen Burnie, MD
Cap Rate 9.25%
Lease Abs NNN
R. Term 5.90 yrs
Size/SF 14,490
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
