115 5Th StEllwood City, PA 16117
- Retail properties
- 14,888 SF
Property Details for 115 5Th St
- Lot size
- 1.25 AC
- Property size (Sq ft)
- 14,888 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 13-039200
- APU
- 13039200
Description
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.
Location Insight
- City
- Ellwood City
- County
- Lawrence
- State
- Pennsylvania
- Latitude
- 40.861
- Longitude
- -80.2869
- CBSA code
- 35260
- CBSA name
- NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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