Rite Aid 630 Main St 14,773 SF Retail Building Portage, PA 15946 $1,594,111 ($107.91/SF) 9% Cap Rate
EXECUTIVE SUMMARY
• Extremely strong performing location with low rent to sales ratio (contact broker for more details)
• Positioned within the Johnstown MSA
• Recently extended lease following bankruptcy, indicating strong tenant commitment
• Recently replaced roof with a 20-year warranty
• Successful operating history at this location since 1995
• Low rent for a national pharmacy tenant
• Recently updated façade
• Located along Main Street (8,300 VPD)
• Over 43,000 people live within a ten-mile radius
• Nearby retailers include Sheetz, Dollar General, NAPA Auto Parts, Chevrolet, Stager’s Store, & several others
• Positioned within the Johnstown MSA
• Recently extended lease following bankruptcy, indicating strong tenant commitment
• Recently replaced roof with a 20-year warranty
• Successful operating history at this location since 1995
• Low rent for a national pharmacy tenant
• Recently updated façade
• Located along Main Street (8,300 VPD)
• Over 43,000 people live within a ten-mile radius
• Nearby retailers include Sheetz, Dollar General, NAPA Auto Parts, Chevrolet, Stager’s Store, & several others
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,773 SF
Building Class
B
Year Built
1995
Price
$1,594,111
Price Per SF
$107.91
Cap Rate
9%
NOI
$143,470
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.48
Lot Size
0.70 AC
Parking
30 Spaces (2.92 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Rite Aid
- -
- -
- -
- Dec 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Rite Aid | - | - | - | Dec 2033 |
PROPERTY TAXES
| Parcel Number | 046-026353 | Improvements Assessment | $138,480 |
| Land Assessment | $19,140 | Total Assessment | $157,620 |
