Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$2,000,000 - $7,000,000|
|Average NOI||$150,000 - $450,000|
|Building SF||11,000 - 15,000|
|Lease Term||20 Years|
With corporate based in Harrisburg, PA, the Rite Aid Corporation can be found on the NYSE under stock symbol RAD. As one of the top retail pharmacy chains in the U.S., in addition to being on the Fortune 500 list they have locations spanning thirty one states including Washington D.C.
Offering a wide array of products and service, Rite Aid focuses in the areas of prescription and OTC (over-the-counter) drugs, in addition to photo developing. The Rite Aid brand alone covers 3300 retail items. Other types of front end retail merchandise to be found: personal care, health, beauty, home, seasonal and holiday, as well as food and beverage.
Typically, each property structure measures around 12,500 sq. ft. in dimension, with over half of their total stores being stand alone. Many also offer drive through pharmacy pickups with 1-hour photo shops, as well as housing the familiar GNC company brand.
|Number of Locations||2,288|
|Key Principal||Heyward Donigan|