Rite Aid - Open & Operating 710 Burmont Rd 8,200 SF Retail Building Drexel Hill, PA 19026 $3,495,000 ($426.22/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- 8,424 SF Retail Building Located Along the Intersection of Burmont Road and Childs Avenue, with Additional Access from Woodland Avenue
- Location Averages 106K+ Visits Per Year (Placer.ai)
- 6.5 Miles from Delaware County Community College | Affordable Tuition in Business, Healthcare, STEM Fields, Liberal Arts, and The Arts Fields
- Operating Store Post Bankruptcy | Rite Aid Has 1,416 Stores in 16 States After Emerging from Bankruptcy
- Five Year Renewal with Rent Increase Executed in 2024 as Part of Surviving Store Deal
- Adjacent to Citgo Gas, Burmont Pizza and Grill, Grind Time Fitness Inc and more
EXECUTIVE SUMMARY
8,424 SF Retail Building Located Along the Intersection of Burmont Road and Childs Avenue, with Additional Access from Woodland Avenue
Operating Store Post Bankruptcy | Rite Aid Has 1,416 Stores in 16 States After Emerging from Bankruptcy
Location Averages 106K+ Visits Per Year (Placer.ai)
Five Year Renewal with Rent Increase Executed in 2024 as Part of Surviving Store Deal
6.5 Miles from Delaware County Community College | Affordable Tuition in Business, Healthcare, STEM Fields, Liberal Arts, and The Arts Fields
Burmont Road Averages 13,700+ Vehicles Per Day | Lack of Pharmacy Competition in Area
Adjacent to Citco Gas, Burmont Pizza and Grill, Grind Time Fitness Inc and more
8.5 Miles From Downtown Philadelphia | Largest City in the State with 1.6 Million People
2 Miles from National Retailers such as Lowe's, Starbucks, Giant, Supercuts, Panera, Kohl's and More
8.5 Miles from Philadelphia International Airport
Operating Store Post Bankruptcy | Rite Aid Has 1,416 Stores in 16 States After Emerging from Bankruptcy
Location Averages 106K+ Visits Per Year (Placer.ai)
Five Year Renewal with Rent Increase Executed in 2024 as Part of Surviving Store Deal
6.5 Miles from Delaware County Community College | Affordable Tuition in Business, Healthcare, STEM Fields, Liberal Arts, and The Arts Fields
Burmont Road Averages 13,700+ Vehicles Per Day | Lack of Pharmacy Competition in Area
Adjacent to Citco Gas, Burmont Pizza and Grill, Grind Time Fitness Inc and more
8.5 Miles From Downtown Philadelphia | Largest City in the State with 1.6 Million People
2 Miles from National Retailers such as Lowe's, Starbucks, Giant, Supercuts, Panera, Kohl's and More
8.5 Miles from Philadelphia International Airport
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
8,200 SF
Building Class
C
Year Built
1981
Price
$3,495,000
Price Per SF
$426.22
Cap Rate
9%
NOI
$314,550
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.55 AC
Zoning
C2, Upper Darby
Parking
38 Spaces (4.63 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-11-00705-00 | Improvements Assessment | $1,054,040 |
| Land Assessment | $78,990 | Total Assessment | $1,133,030 |
