INVESTMENT SUMMARY
1365 Logan Avenue Tyrone, PA 16686
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TypeSingle Tenant
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Price$1,763,000
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CAP Rate6.75%
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NOI$119,004
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Building Size10,000 SF
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Lease Term5 Years
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StatusAVAILABLE
CONTACT BROKER
Paul Z. Matysek, CCIM
T: 310.405.0902 paul@matysekinvestment.com
BROKER OF RECORD
Bang Realty
RITE AID
5 Yr NN Lease; No Competition in Trade Area
INVESTMENT HIGHLIGHTS
- 2 Location Consolidation: Rite Aid purchased Kopp pharmacy and is now only national drug store chain in the marketplace after they consolidate from their other location
- Corporate Signature: Rite Aid corporate signature on the NN lease with about 5 years remaining
- Signalized Corner Location: Well located at the signalized corner location of Logan Ave and W 14th Street with over 8,000 vehicles traveling by daily
- Surrounded By National Retailers: Location surrounded by retailers that include Sheetz, Save-A-Lot, Burger King, Wine and Spirits, Ace Hardware and more
- Minimal Landlord Responsibilities: Landlord has little to no responsibility for maintenance or management of the property
- Interstate Interchange Location: Located just off the Interstate 99 and Rte. 453 Interchange with combined traffic counts of 14,000 VPD
- Superior Construction: Original builder was the Tenant so put top quality materials into the building, block on block contstruction
- Drive-Thru Equipped: Rite Aid has a drive-thru window at this property which they did not at the previous location for added customer convenience