Retail    

Rite Aid

 Mantua (Philadelphia), NJ

Asking Price

$2,113,729

Cap Rate

7.75%

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Corporate

Lease & Guarantee

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Located in

Philadelphia MSA

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Population (5-Mi)

120K+

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AHHI (5-Mi)

$128K+

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.
  • Long-Standing Operation
    This Property has operated as a Drug Store since 1994. Formerly Eckerd's.
  • Affluent Philadelphia Suburb
    The Median Household Income in Mantua is $105k, and the average home boasts 4 bedrooms and 2 bathrooms. Gloucester County has an overall grade of A-, and is ranked 11th best county in NJ. The county has a population of 300k+.
  • Family Oriented Township
    Mantua is a Single-Family Home suburb, which has graded A- in the "Public Schools" and "Good for Families" categories. All other categories graded no less than B-, including the "Crime" category. (Niche)
  • Top Rated School District
    The Clearview School District is the top-rated district in Gloucester County. The Clearview High School has a student count of 1,455.
  • Local Retail Synergy
    Part of local Neighborhood Retail Center, whose anchors include The Home Depot, Kohls, Planet Fitness, Dollar General, AutoZone, and more.
  • Strong Traffic Count
    Bridgeton Pike, the main thruway of Mantua, and Berkley Rd provide an
    estimated 26k+ VPD.
  • Updated Facade
    Recently updated facade and signage signals tenant's commitment to location.
  • Located in the Philadelphia MSA
    The Philadelphia Metro Area has a total population of 6.288 million, making it the nation's 7th largest and world's 35th largest metro area, while the combined statistical area of the Delaware Valley contains a total population of 7.366 million.

Exclusively Listed By

Matt Lipson

Associate Vice President
  mlipson@northmarq.com      503.468.7503

Chris Lomuto

Associate Vice President

Milo Spector

Senior Vice President

Jason Maier

Senior Vice President

NJ Broker #1537436

Northmarq

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