Your First Name*

Please enter your first name

Your Last Name*

Please enter your last name

Your Email*

Please enter a valid email address

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

955 characters remaining

We will automatically send your friend a one-time email inviting them to visit this listing. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of the referral program. (Terms of Use)

thank you

Your email has been sent!

Rite Aid 610 Broad St 10,163 SF Retail Building New Bethlehem, PA 16242 $1,555,556 ($153.06/SF) 9% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

EXECUTIVE SUMMARY

• Extremely strong performing location with low rent to sales ratio (contact broker for more details)
• Recently extended lease following bankruptcy, indicating strong tenant commitment
• Limited drug store competition
• Successful operating history at this location since 1995
• Low rent for a national pharmacy tenant
• Recently updated façade
• Located along West Broad Street (10,100 VPD)
• Within walking distance from Redbank Valley High School
• Neighboring retailers include Chevrolet, Burger King, Goodwill, Dollar General, & several others

Rite-Aid-New-Bethlehem-PA

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

10,163 SF

Building Class

Year Built

1995

Price

$1,555,556

Price Per SF

$153.06

Cap Rate

NOI

$140,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.31

Lot Size

0.75 AC

MAJOR TENANTS

Rite Aid
-
10,163 SF
-
Dec 2033

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF			LEASE END
Rite Aid	-	10,163 SF	-			Dec 2033

1 of 1

MAP
TRAFFIC

PROPERTY TAXES

Parcel Number	020-003880	Improvements Assessment	$115,450
Land Assessment	$12,440	Total Assessment	$127,890

PROPERTY TAXES

Parcel Number

020-003880

Land Assessment

$12,440

Improvements Assessment

$115,450

Total Assessment

$127,890

Listing ID: 34977827
Date on Market: 6/5/2019
Last Updated:
Address: 610 Broad St, New Bethlehem, PA 16242

1 of 4

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/4

610 Broad St, New Bethlehem, PA for sale Building Photo- Image 1 of 4 — Cover - Rite Aid - New Bethlehem, PA

610 Broad St, New Bethlehem, PA for sale Building Photo- Image 2 of 4 — 1

610 Broad St, New Bethlehem, PA for sale Building Photo- Image 3 of 4 — 2

1 of 1

MAP
TRAFFIC

You are being redirected to complete the bid registration process.