Retail    

Rite Aid

 Easton, PA

Asking Price

$5,203,129

Cap Rate

8.50%

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Expenses

Absolute NNN

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Strong

Retail Synergy

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Population (5-Mi)

137K+

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AHHI (5-Mi)

$110K+

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease
    No Landlord Obligations.
  • Corporate Lease & Guarantee
    Income guaranteed by Rite Aid Corporation with over 2,400 locations.
  • High Traffic Count
    Located at the signalized corner of William Penn Highway and 25th St, which are main thruways of Easton, providing a Combined VPD of 25,573.
  • Strong Retail Synergy
    Part of Palmer Town Center Shopping Mall, whose anchors include Home Depot, Giant, ALDI, Lidl, Harbor Freight, Walgreens, LA Fitness, Wawa and more.
  • Close Proximity to Two High Schools
    High daytime traffic drivers serving approx. 3,585 students. Easton Area High School (2,875 students) is directly across from the Property, and Wilson Area High School (710 students) is in walking
    distance (0.4 miles).
  • Updated Facade
    Recently updated facade and signage signals tenant's commitment to location.
  • Strong Population Count
    Easton is part of the Allentown-Bethlehem-Easton MSA, with a population of 861,889 as of 2020, and population counts of 76k and 137k within a 3-mile and 5-mile radius, respectively.
  • Booming Economy
    Lehigh Valley is one of the five fastest-growing economies, under 1,000,000 in population, in the U.S.
  • Top Ranked Metro
    #7 ranked Governors Cup Top Metros by Total Projects in 2022, for metros with populations of 200,000 to 1,000,000.

Exclusively Listed By

John Rotunno


  Contact Broker   
PA Lic. #ABR002892

Northmarq

120 W 45th St
Suite 2610
New York City, NY 10036


northmarq.com