Rite Aid Outside of Pittsburgh, PA!!

HavePropertiesCommercialRetail
Classifieds

Rite Aid Outside of Pittsburgh, PA!!

Charlotte, NC · Member since 2016 · 48 posts · 9 votes

List Price: $1,965,090 Current NOI: $196,509 Initial Cap Rate 10.00% Land Acreage: 1.479 +/- Year Built: 1998 Building Size: 10,908 +/- SF

Lease Type: Triple Net Lease "NNN" Roof/Structure: Tenant Responsibility Original Lease Term: 20 Years Commencement Date: July 28, 1998 Current Term Expiration: August 10, 2019 Term Remaining: 3+ Years Rent Increases: In Options Renewal Options: (4) Five Year Options Option 1: $258,963 Option 2: $264,417 Option 3: $269,871 Option 4: $275,325

0Reply
2 views

2 Replies

Jump to latestLatest
  • Real Estate Lender and Broker · Dallas, TX · Member since 2013 · 966 posts · 500 votes
    9y

    Stefon,

    Where is the property located?  Any idea if this Rite Aid will be closed with the Rite Aid acquisition by Walgreen's?

    Mark

  • Charlotte, NC · Member since 2016 · 48 posts · 9 votes
    9y
    Originally posted by @Mark Creason:

    Stefon,

    Where is the property located?  Any idea if this Rite Aid will be closed with the Rite Aid acquisition by Walgreen's?

    Mark

     Hey Mark, 

    Not sure at this point. We're trying to get the lease term to extend early. & It's in Pittsburgh, PA

Join the conversationCreate a free account to reply, vote on answers and follow this thread.