{"id":714,"date":"2020-08-22T18:16:45","date_gmt":"2020-08-22T18:16:45","guid":{"rendered":"http:\/\/www.bouldergroup.com\/blog\/?p=714"},"modified":"2020-10-07T17:35:15","modified_gmt":"2020-10-07T17:35:15","slug":"net-lease-rite-aid","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-lease-rite-aid\/","title":{"rendered":"Net Lease Rite Aid Property Profile and Cap Rates"},"content":{"rendered":"

Net Lease Rite Aid \u2013 Typical Property and Lease Terms<\/p>\n

 <\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Price Range:<\/td>$2.5M - $10M<\/td>\n<\/tr>\n
Cap Rate:<\/td>7.00%<\/td>\n<\/tr>\n
Net Income:<\/td>$160,000 - $650,000<\/td>\n<\/tr>\n
Price Per foot:<\/td>$225 PSF - $675 PSF<\/td>\n<\/tr>\n
Building Size:<\/td>11,000 SF - 16,000 SF<\/td>\n<\/tr>\n
Lot Size:<\/td>1.5 Acres<\/td>\n<\/tr>\n
Escalations:<\/td>Flat<\/td>\n<\/tr>\n
Lease Term:<\/td>20 Years<\/td>\n<\/tr>\n
Lease Type:<\/td>NNN<\/td>\n<\/tr>\n
Credit Rating:<\/td>B (S&P)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

 <\/p>\n

Tenant Company Information:<\/p>\n

Rite Aid Corporation is a drugstore chain in the United States. The company ranked No. 94 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[4] It is headquartered in Camp Hill, Pennsylvania, near Harrisburg.[5][6] Rite Aid is the largest drugstore chain on the East Coast and the third largest in the U.S.<\/p>\n

Rite Aid began in 1962, opening its first store in Scranton, Pennsylvania; it was called Thrift D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. As of 2020, Rite Aid is publicly traded on the New York Stock Exchange under the symbol RAD. Its major competitors are CVS and Walgreens.<\/p>\n

In late 2015, Walgreens announced that it would acquire Rite Aid for $17.2 billion pending approval. However, on June 29, 2017, over fear of antitrust regulations, Walgreens Boots Alliance announced it would buy roughly half of Rite Aid’s stores for $5.18 billion.[7][8]<\/p>\n

On September 19, 2017, the Federal Trade Commission (FTC) approved a fourth deal agreement to purchase 1,932 stores from Rite Aid for $4.38 billion total<\/p>\n","protected":false},"excerpt":{"rendered":"

Net Lease Rite Aid \u2013 Typical Property and Lease Terms     Tenant Company Information: Rite Aid Corporation is a drugstore chain in the United States. The company ranked No. 94 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[4] It is headquartered in Camp Hill, Pennsylvania, near Harrisburg.[5][6] […]<\/p>\n","protected":false},"author":3,"featured_media":715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[176],"tags":[222],"class_list":["post-714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cap-rates","tag-net-lease-rite-aid"],"yoast_head":"\nNet Lease Rite Aid Property Profile and Cap Rates - The Boulder Group<\/title>\n<meta name=\"description\" content=\"Net Lease Rite Aid property profile and cap rate information. 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