Available For Sale - Retail

11,186 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
11,186 SF
Price/SF
Show Pricing $
Listing ID
SA439287
Notes
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100 percent fee simple interest in the single-tenant Rite Aid retail property located at 1700 Pine Hollow Road, McKees Rocks, Pennsylvania (the Property). Built-to-suit for Rite Aid in 2016, the Property comprises a +/- 11,186 SF building on an infill +/- 1.602-acre parcel, that is strategically positioned along Pine Hollow Road, with nearly 11,000 vehicles per day.



Subject located in McKees Rocks is suburban Pittsburgh and has no drugstore competition in five miles any direction, and located only 8 miles east of the Pittsburgh International Airport and 5 miles west of downtown Pittsburgh.

The Property benefits from its location just minutes from Pittsburgh, with a strong average household income of $73,000 within five miles and projected population growth over five years of 2.6 percent bringing the 15-mile head count to 1,145,400 people. Nearby Highway I-79 sees over 60,000 vehicles per day, and the asset is less than one mile from Ohio Valley Hospital, a 124 bed medical, surgical, and educational facility.



RITE AID CORPORATION (NYSE: RAD) is one of the nations leading drugstore chains with fiscal 2018 annual revenues of $21.5 billion and a credit rating of B3. With approximately 2,500 stores in 19 states, they have a strong presence on both the East and West Coasts, employing more than 51,000 associates. The company is publicly traded on the New York Stock Exchange under the ticker symbol RAD.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jesse Limon, Marcus & Millichap - NYC