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1365 Logan Ave
Tyrone, PA 16686
Rite Aid · Retail Property For Sale
PROPERTY FACTS
About 1365 Logan Ave , Tyrone, PA 16686
CBRE is pleased to exclusively present for sale this Rite Aid property located on Logan Avenue in Tyrone, Pennsylvania. Rite Aid recently bought out an existing pharmacy operator at this site and is the only national drug store chain the marketplace. This is a corporately guaranteed, double net lease with little to no responsibility for maintenance or administration of the property. There are currently over 6 years remaining in the initial 10 year lease, with two, five year options to renew each with 10% rental increases. This 7.50% cap rate along with a low price point offers a high yield investment opportunity for the private investor.
PROPERTY TAXES
| Parcel Number | 22-00028773 | Improvements Assessment | $1,017,500 |
| Land Assessment | $31,000 | Total Assessment | $1,048,500 |
PROPERTY TAXES
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