101 S Main St
Newark, NY 14513
Rite Aid Pharmacy | 17 Yr Absolute NNN · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present for sale this absolute-net lease, latest prototype drive-thru Rite Aid Pharmacy located in Newark, New York. Built in 2015, Rite Aid currently occupies all 13,084- square feet. The Rite Aid Pharmacy investment includes five, five-year options with increases and an additional four-year option. The lease is corporately guaranteed with over 17 years remaining in the base term. Sitting on 2 acres, it is strategically located at the highly trafficked intersection of Main Street and Highway 31. This particular site is just minutes away from Newark-Wayne Community Hospital, a 120-bed community hospital in Wayne County, New York. Immediate surrounding retailers include McDonald’s, Burger King, Wendy’s, Wegmans, Dollar General Advance Auto Parts, Tim Hortons, Citizens Bank, Dunkin’ Donuts, Domino’s Pizza, Pizza Hut, AT&T, Peebles, Rent-A-Center, and many more. Newark, New York is a village in Wayne County, New York, U.S., 35 miles south east of Rochester and 48 miles west of Syracuse. The Village of Newark is in the south part of the Town of Arcadia and is in the south of Wayne County. It is the most populated community in Wayne County. Located on the pristine Erie Canal, it is conveniently located 15 minutes from two New York State Thruway exits at Main Street (New York State Route 88) and Union Street (New York State Route 31).