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Former Rite Aid 1650 Main St 11,153 SF Retail Building Olyphant, PA 18447 $2,373,064 CAD ($212.77 CAD/SF) 10.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Real Estate Fundamentals
- Versatile Box for Medical, Service, or Retail Use
- Prime Signalized Corner Location | High-visibility site at the intersection of Main Street & W. Lackawanna Ave, with 22,000+ combined vehicles per day
- Freestanding retail building on a hard corner with excellent access, visibility, & a functional layout highly compatible with single-tenant backfills
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Former Rite Aid located at 1650 Main Street, Olyphant, PA 18447. The site consists of roughly 11,153 rentable square feet of building space on an estimated 1.07-acre parcel of land.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,153 SF
Building Class
B
Year Built
1999
Price
$2,373,064 CAD
Price Per SF
$212.77 CAD
Cap Rate
10.24%
NOI
$242,890 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.07 AC
Frontage
81’ on Main Ave
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11410070044 | Improvements Assessment | $160,829 CAD |
| Land Assessment | $139,851 CAD | Total Assessment | $300,680 CAD |
PROPERTY TAXES
Parcel Number
11410070044
Land Assessment
$139,851 CAD
Improvements Assessment
$160,829 CAD
Total Assessment
$300,680 CAD
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Former Rite Aid | 1650 Main St
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