Rite Aid - Cottman Ave

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer a single tenant Rite Aid (the “Property”) in Philadelphia, PA. Rite Aid commenced operations in 1987 and recently extended their lease to 2033, demonstrating strong commitment to the location. The lease features approximately 5% rental increases every Five (5) years in addition to One(1),Ten (10) year option.

Opportunity to Own a Full City Block

• 1.0 Acre
• Parking Spaces: 54
• Zoning: CMX-2 which allows for multi-family, hospital, community center development, along with other commercial uses

Strong Store Sales

• Over $8 Million ($546 PSF) in Store Sales in 2021
• Significantly above national Rite Aid Store sales or a 19% increase over the national average (per Creditntell data)
• 2% Increase in Overall Sales from 2020 to 2021

Significant Tenure & Remaining Term

• 35 Years Tenure
• 11 Years of Remaining Term
• One (1) Ten (10) Year Option Remaining

Loyal Consumer Base & Densely Populated Infill Market 

• 91st Percentile for All Rite Aid Visits in the State of Pennsylvania
• 131.4K Visits Annually
• 81% of Customers Have Visited the Property More Than 108.9k Times in the Last 12 Months
• 264,862 people within 3-mile radius

Corporate Guarantee

• Rite Aid Corporation Guarantee