Rite Aid

Highlights

• Absolute Net Lease Structure: The lease provides zero landlord responsibilities for an incoming investor
• Strong Placer AI Data: The subject property ranks at the 88th percentile in the state of PA and 90th percentile within a 50 mile radius
• Hard Corner Location: Subject property benefits of being located on a hard corner signalized intersection with 10,500 vehicles per day on Hamlin Highway
• Affluent Community: Average household income within a 3 mile radius exceeds $79,697
• Location and Accessibility:: Lake Ariel is located in Wayne County in northeastern Pennsylvania, about 30 minutes from Scranton and 2 hours from New York City. It offers easy access to major highways, making it a popular retreat for both Pennsylvania and New York residents

Description

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Lake Ariel, PA, is a scenic community located in northeastern Pennsylvania's Wayne County, nestled in the Pocono Mountains. Known for its beautiful lakes and outdoor recreation, it attracts both full-time residents and vacationers. The area offers activities like boating, fishing, hiking, and skiing, making it popular year-round. Several residential communities, including Hideout and Wallenpaupack Lake Estates, provide amenities like private beaches, golf courses, and clubhouses. Lake Ariel is also close to Lake Wallenpaupack, adding to its appeal with additional water-based recreation. The community is served by the Western Wayne School District and maintains a small-town charm with local shops and restaurants. Its close proximity to Scranton and major highways makes it accessible for those seeking a scenic retreat near urban conveniences. Wayne is a county in the Commonwealth of Pennsylvania. The county's population was 51,155 at the 2020 census.