• Broker Jimmy Goodman 8475628500

Rite Aid 610 Broad St

10,163 SF Retail Building New Bethlehem, PA 16242 £1,200,578 (£118.13/SF) 9% Net Initial Yield

View Photo

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

ATTACHMENTS

Rite-Aid-New-Bethlehem-PA

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
£1,200,578
Price Per SF
£118.13
Net Initial Yield
9%
NOI
£108,052
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

Map of 610 Broad St New Bethlehem, PA 16242

ADDITIONAL PHOTOS

View Photo 1
View Photo 2

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