139 S Main St | Butler, PA 16001
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139 S Main St
Butler, PA 16001
Retail Property For Sale
Investment Highlights
- Rite Aid Corporation Has Officially Assumed this Lease; 1 of 8 Rite Aids assumed with zero lease adaptations
- Zero competition in immediate area: Rite Aid is the ONLY drug store in the entire downtown region
- Double drive-thru
- This commitment shows unit performance and corporate commitment to the location
- Dense infill / high barrier to entry; exceptional placer.ai rankings; ranked #1 of 5 locations within 15 mile radius
- Less Than ¾ mile from Butler Memorial Hospital & Butler Health System Ideally situated in the absolute epicenter of historic downtown Butler
Executive Summary
CBRE is pleased to present an extremely rare investment property opportunity to purchase a corporate Rite Aid drug store in the absolute epicenter of historic Butler, Pennsylvania, a suburb township located just 20 miles to the Northeast of Pittsburgh. Serving as the only Drug store in the entire downtown region, Rite Aid has a built in customer base from the almost 15,000 residents within just a 1-mile radius, in addition to serving as prescription and medication supplier for Butler Memorial Hospital & Butler Health System, which serves over 49,000 annual patients and 294 beds, located less than ¾ mile to the NE.
Protected Location
+Rite Aid has emerged from bankruptcy; the pharmacy chain has reduced its debt by $2B
+Rite Aid, which had over 2,000 stores when it filed bankruptcy in October, 2023, has emerged from bankruptcy with approximately 1,300 remaining store locations
+The company exited bankruptcy, funded by 2.55B in financing approved by its lenders
+Rite Aid Corporation Has Officially Assumed this Lease
+This Commitment Demonstrates Unit Performance and Corporate Commitment to the Location
+One of Just 8 Locations Assumed with Zero Lease Adaptations
+Multiple Locations Consolidated into This Location
+Currently has Three Licensed Pharmacists to Keep up with Huge Demand
+Zero competition in immediate area: Rite Aid is the ONLY drug store in the entire downtown region
Location Facts
•Dense infill / high barrier to entry
•Exceptional placer.ai rankings
•78% percentile in state of PA
•Ranked #1 of 5 locations within 15-mile radius
Protected Location
+Rite Aid has emerged from bankruptcy; the pharmacy chain has reduced its debt by $2B
+Rite Aid, which had over 2,000 stores when it filed bankruptcy in October, 2023, has emerged from bankruptcy with approximately 1,300 remaining store locations
+The company exited bankruptcy, funded by 2.55B in financing approved by its lenders
+Rite Aid Corporation Has Officially Assumed this Lease
+This Commitment Demonstrates Unit Performance and Corporate Commitment to the Location
+One of Just 8 Locations Assumed with Zero Lease Adaptations
+Multiple Locations Consolidated into This Location
+Currently has Three Licensed Pharmacists to Keep up with Huge Demand
+Zero competition in immediate area: Rite Aid is the ONLY drug store in the entire downtown region
Location Facts
•Dense infill / high barrier to entry
•Exceptional placer.ai rankings
•78% percentile in state of PA
•Ranked #1 of 5 locations within 15-mile radius
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,564 SF
Building Class
B
Year Built
2014
Price
£3,235,812
Price Per SF
£222
Net Initial Yield
11.50%
NOI
£372,117
Tenancy
Single
Number of Floors
1
Building FAR
0.40
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
C2
Parking
55 Spaces (9.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Pylon Sign
- Signalised Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 562-7-63-0000 | Improvements Assessment | £0 |
| Land Assessment | £6,744 | Total Assessment | £6,744 |
PROPERTY TAXES
Parcel Number
562-7-63-0000
Land Assessment
£6,744
Improvements Assessment
£0
Total Assessment
£6,744
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