Rite Aid NNN Investment

Highlights

• Absolute NNN lease - zero landlord responsibilities
• 15,157 SF± building on 2.27 AC± lot
• Drive-thru on site
• 9+ years remaining on lease with eight, 5-year renewal options
• Corporate Guarantee - NYSE: RAD
• Highly visible / accessible location
• Positioned adjacent to signalized, 5-way intersection
• Proximate to densely populated residential/commercial neighborhoods
• Less than two (2) miles from Pennsbury High School and Bucks County Technical High School
• Population >123,000 within 3 miles; average HH income >$90,000
• Easy access to major highways including Rts. 413, 13, 1 and I-95

Description

SVN® is pleased to present an excellent opportunity to acquire a single-tenant, net leased Rite Aid investment. The property is comprised of a 15,000+ square foot, single story retail building with drive thru situated on an expansive, commercially zoned 2.27 acres parcel directly adjacent to the 5-points signalized intersection in densely populated Levittown (Bristol Township), Bucks County, Pennsylvania. Rite Aid is currently in year 11 of a 20-year lease term and has 9+ years remaining, in addition to (8) 5-year renewal options. The lease is an absolute NNN ground lease with no landlord responsibilities. Rite Aid has successfully operated this store since 2001 and performed major capital improvements in 2013, which demonstrates their commitment to the location.

Rite Aid store number 01672 is ideally situated directly adjacent to Levittown’s central 5-points intersection with excellent access and visibility from both New Falls Road and Bristol Emilie Road. The average daily traffic counts at this location exceed 31,000 vehicles daily. The property is easily accessible to/from a number of local and major roads, including Woodbourne Road, Levittown Parkway, S. Oxford Valley Road, Rt. 413, Rt. 13, US-1 and I-95/ I-295. This property is a 30-minute drive to/from Philadelphia, Pennsylvania and Princeton, New Jersey and a 90-minute drive to/from New York City.

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