Rite Aid
Overview
Rite Aid is one of the leaders in the retail drugstore industry selling prescription medications, over-the-counter medications and daily lifestyle items. Based out of Camp Hill, PA, Rite Aid has over 2,300 locations in 19 states and was ranked at #150 on the Fortune 500 companies of 2020. Rite Aid prototypes are usually anywhere from 11,000 – 15,000 SF, with a 20-year lease term with varying rent escalations.
Lowest Cap Rate
4.52%
Average Cap Rate
7.00%
Property & Lease
Average Sale Price
$2,000,000 – $7,000,000
Average NOI
$150,000 – $450,000
Building SF
11,000 – 15,000
Lease Term
20 Years
Escalations
Varies
Stock Symbol
NYSE:RAD
Credit Rating
S&P
CCC+
Moody’s
Caa1