Olyphant, PA
Price:
$ 2,175,000
CAP Rate:
8.00%
NOI:
$ 174,000
Lease Term Remaining Before Options:
3 Years 11 Months
- Rite Aid is currently paying $15.60/sf in rent, which aligns with local retail market rates.
- Rite Aid's rent will increase by 37% in the 1st option period.
- Rite Aid recently restructured its lease, extending its commitment to the property.
- 2 Amazon Fulfillment Centers & Canpack have opened up new facilities in the last 4 years bringing over 900 jobs to the Olyphant economy.
- Rite Aid has operated successfully at this location since 1999, marking over 26 years of continuous operation.
- Positioned at an intersection with over 26,000 vehicles per day, ensuring consistent traffic and exposure.
Price:
$ 2,175,000
CAP Rate:
8.00%
NOI:
$ 174,000
Lease Term Remaining Before Options:
3 Years 11 Months
