For Sale
$1,266,000

1201 Blair StHollidaysburg, PA 16648

High-yield, NNN-leased Rite Aid

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, 7,124 square-foot Rite Aid pharmacy in Hollidaysburg, Pennsylvania. Located at 1201 Blair St, 16648, this Class B, single-tenant property boasts a strong 6.00% cap rate and a substantial NOI of $76,000. The building, constructed in 1984, features a convenient drive-thru and ample parking (20+ spaces). With 100% occupancy and a lease featuring rent bumps, this freestanding building offers significant long-term potential. The property benefits from a prime location with 132 feet of frontage on Blair Street and enjoys a zero-competition radius for drugstores. Rite Aid has operated at this location since 2014, demonstrating a proven track record of success. The asking price is $1,266,000, translating to $177.71 per square foot. This represents a below-market rent, providing a substantial cushion for long-term occupancy and the potential for increased rental income in the future. This is a rare chance to acquire a high-performing, net-leased asset in a thriving market.

Highlights

  • 7,124 SF freestanding building with drive-thru.
  • 132 feet of frontage on Blair Street.
  • 20+ surface parking spaces.
  • High-performing Rite Aid with exceptional profit margins.
  • Significantly below-market rent, providing substantial rental upside.
  • Opportunity for future rental growth.

Property Details for 1201 Blair St

Property type
Retail properties, Drug stores
Square Feet
7,124 SF
Class
B
Year Built
1984

Location Insight

City
Hollidaysburg
County
Blair
State
Pennsylvania
Latitude
40.430539869765
Longitude
-78.382526036831
1201 Blair St, Hollidaysburg, Pennsylvania

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1201 Blair St
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