Rite Aid in Erie, PA | 10 Year +NN Lease

• Corner location at signalized intersection
• 225’ Frontage on W 26th St
• Built-to-suit constructed in 1996
• Lease expiration date 6/1/2030
• Five 5-year options
• Credit rated tenant

InCommercial Property Group is pleased to exclusively market for sale a Rite Aid property located at the southeast corner of W 26th St and Sassafras St in Erie, Pennsylvania. The 11,325 SF subject property is being offered for $2,571,171 at a 7.00% cap rate. The built-to-suit freestanding building was constructed in 1996 and has excellent visibility. Rite Aid’s current lease runs through June 1, 2030, followed by five 5-year option periods. Rite Aid is a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: RAD). One of the nation’s leading drug stores, Rite Aid operates approximately 2,500 stores in 19 states.