For Sale
$5,000,000

115 5Th StEllwood City, PA 16117

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a Rite Aid pharmacy located at 115 5th St, Ellwood City, PA 16117. The property boasts 13,824 square feet on a 1.25-acre lot, built in 2005. Currently operating under a triple-net (NNN) lease with a corporate guarantee, the property offers a secure, passive income stream. The lease, originally commencing March 9, 2005, has a remaining term of approximately 12.3 years, expiring February 28, 2037. The current annual net operating income (NOI) is $400,000, representing an attractive 8.00% cap rate on the $5,000,000 asking price. The property benefits from a prime location on a signalized hard corner lot within Ellwood City's main retail corridor, featuring high visibility with a large pylon sign, ample parking, multiple access points, and a drive-thru. The site enjoys significant traffic volume, with 11,220 vehicles passing daily on 5th Street, and is conveniently located near major national retailers and the Ellwood City Health Center. This is a rare opportunity to acquire a well-established, high-performing retail property with a long-term lease and strong tenant in a desirable location. The property's size, location, and tenant history make it an ideal addition to any diversified investment portfolio.

Highlights

  • High-visibility location on Ellwood City's main retail corridor, near major national retailers.
  • Hard corner lot with signalized intersection, drive-thru, multiple access points, and a large pylon sign.
  • 1.25-acre parcel with ample parking, situated on a high-traffic road (11,220 VPD).

Property Details for 115 5Th St

Property type
Retail properties, Drug stores
Square Feet
13,824 SF
Year Built
2005
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Ellwood City
County
Lawrence
State
Pennsylvania
Latitude
40.8609753
Longitude
-80.2867673
115 5Th St, Ellwood City, Pennsylvania

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115 5Th St
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