Rite Aid 610 Broad St
10,163 SF Retail Building New Bethlehem, PA 16242 £1,199,816 (£118.06/SF) 9% Net Initial Yield
EXECUTIVE SUMMARY
• Extremely strong performing location with low rent to sales ratio (contact broker for more details)
• Recently extended lease following bankruptcy, indicating strong tenant commitment
• Limited drug store competition
• Successful operating history at this location since 1995
• Low rent for a national pharmacy tenant
• Recently updated façade
• Located along West Broad Street (10,100 VPD)
• Within walking distance from Redbank Valley High School
• Neighboring retailers include Chevrolet, Burger King, Goodwill, Dollar General, & several others
• Recently extended lease following bankruptcy, indicating strong tenant commitment
• Limited drug store competition
• Successful operating history at this location since 1995
• Low rent for a national pharmacy tenant
• Recently updated façade
• Located along West Broad Street (10,100 VPD)
• Within walking distance from Redbank Valley High School
• Neighboring retailers include Chevrolet, Burger King, Goodwill, Dollar General, & several others
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,163 SF
Building Class
C
Year Built
1995
Price
£1,199,816
Price Per SF
£118.06
Net Initial Yield
9%
NOI
£107,983
Tenancy
Single
Number of Floors
1
Building FAR
0.31
Lot Size
0.75 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Rite Aid
- -
- 10,163 SF
- -
- Dec 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Rite Aid | - | 10,163 SF | - | Dec 2033 |
PROPERTY TAXES
| Parcel Number | 020-003880 | Improvements Assessment | £89,048 |
| Land Assessment | £9,595 | Total Assessment | £98,643 |
