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Rite Aid 630 Main St 14,773 SF Retail Building Portage, PA 15946 $1,594,111 ($107.91/SF) 9% Cap Rate

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EXECUTIVE SUMMARY

• Extremely strong performing location with low rent to sales ratio (contact broker for more details)
• Positioned within the Johnstown MSA
• Recently extended lease following bankruptcy, indicating strong tenant commitment
• Recently replaced roof with a 20-year warranty
• Successful operating history at this location since 1995
• Low rent for a national pharmacy tenant
• Recently updated façade
• Located along Main Street (8,300 VPD)
• Over 43,000 people live within a ten-mile radius
• Nearby retailers include Sheetz, Dollar General, NAPA Auto Parts, Chevrolet, Stager’s Store, & several others

Rite-Aid-Portage-PA

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,773 SF

Building Class

Year Built

1995

Price

$1,594,111

Price Per SF

$107.91

Cap Rate

NOI

$143,470

Tenancy

Single

Building Height

1 Story

Loading Docks

1 Exterior

Building FAR

0.48

Lot Size

0.70 AC

Parking

30 Spaces (2.92 Spaces per 1,000 SF Leased)

AMENITIES

Pylon Sign

Signage

Drive Thru

MAJOR TENANTS

Rite Aid
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-
Dec 2033

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

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PROPERTY TAXES

Parcel Number	046-026353	Improvements Assessment	$138,480
Land Assessment	$19,140	Total Assessment	$157,620

PROPERTY TAXES

Parcel Number

046-026353

Land Assessment

$19,140

Improvements Assessment

$138,480

Total Assessment

$157,620

Listing ID: 34976028
Date on Market: 2/28/2025
Last Updated:
Address: 630 Main St, Portage, PA 15946

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