601 W Pike St Canonsburg, PA 15317

This exceptional investment opportunity presents a freestanding Rite Aid building situated at 601 W Pike St, Canonsburg, PA 15317. Constructed in 2004, the 13,680 square foot building sits on a 0.31-acre lot and enjoys a prominent location at a signalized intersection. Rite Aid has occupied the property since 2005, with a lease currently boasting over four years remaining, including two five-year renewal options. The triple-net (NNN) lease structure ensures a passive income stream for the investor. The property's net operating income (NOI) stands at $287,370, translating to an attractive 8.2% capitalization rate (CAP Rate), making this a compelling investment prospect. The asking price is $3,500,000. This property is ideally suited for investors seeking a stable, high-yield retail investment with a strong tenant and significant lease term remaining. The strategic location and favorable lease terms combine to create a compelling opportunity for long-term growth and passive income generation.