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Rite Aid 639 Hamlin Hwy

14,673 SF Retail Building Lake Ariel, PA 18436 £4,573,665 (£312/SF) 8.38% Net Initial Yield

Investment Highlights

  • Absolute Net Lease Structure: The lease provides zero landlord responsibilities for an incoming investor
  • Hard Corner Location: Subject property benefits of being located on a hard corner signalized intersection
  • Location and Accessibility: Lake Ariel is located in Wayne County in northeastern Pennsylvania
  • Strong Placer AI Data: The subject property ranks at the 88th percentile in the state of PA and 90th percentile within a 50 mile radius
  • Affluent Community: Average household income within a 3 mile radius exceeds $79,697

Executive Summary

Absolute Net Lease Structure: The lease provides zero landlord responsibilities for an incoming investor

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,673 SF
Building Class
C
Year Built
2009
Price
£4,573,665
Price Per SF
£312
Net Initial Yield
8.38%
NOI
£383,273
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Lot Size
1.48 AC
Zoning
RR

Links

1 of 1
(248) 702-0288

Contacts

  • Listing ID: 34225566

  • Date on Market: 17/12/2024

  • Last Updated:

  • Address: 639 Hamlin Hwy, Lake Ariel, PA 18436

The Retail Property at 639 Hamlin Hwy, Lake Ariel, PA 18436 is currently available for sale. Contact Encore Real Estate Investment Services for more information.

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© 2024 CoStar Group

Rite Aid | 639 Hamlin Hwy
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Rite Aid | 639 Hamlin Hwy

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Deno Bistolarides

(248) 702-0288

(248) 702-0288

Michael Gaggo

(248) 702-0287

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(248) 702-0280

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