Listing Agency: CBRE - Saddle Brook

Listed By: Karly Iacono · License #NY 10401274993

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 6:52PM

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Investment Insights

Based on property information with market context.

The property is a single-tenant Rite Aid pharmacy, offered for sale subject to an NNN corporately guaranteed lease. The base term includes 3.8 years remaining, and Rite Aid recently extended its lease through 2023. Rite Aid has operated at this location since 1999.

Situated on a heavily trafficked road with more than 24,000 vehicles per day, the site is surrounded by a mix of national and local tenants. Nearby national retailers include Walmart, Taco Bell, Burger King, and Dollar Tree.

The property is also located near the Norfolk Southern Conway Railyard, with Conway serving as a suburb of Pittsburgh and having more than 74,000 residents within 5 miles.

Key Highlights

• Single‑tenant Rite Aid property with an NNN corporately guaranteed lease
• 3.8 years remaining on the base lease term; lease recently extended through 2023
• Rite Aid has operated at this location since 1999

Property Analytics

Property Profile

Current Use

Rite Aid Pharmacy Pharmacy Western Union Bank higi Physician Coinhub Bitcoin ATM ... Atm Mario Funair Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Restaurant Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24,000 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

165

Businesses Nearby

49k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 50% Shops & Services 44% Groceries 5% Home Improvements & Furnishings 1%

Dollar Tree Shops & Services

11,736 visits/mo 0.2 miles

Burger King Dining

11,445 visits/mo 0.2 miles

Taco Bell Dining

8,880 visits/mo 0.3 miles

Marathon Petroleum Shops & Services

4,252 visits/mo 0.1 miles

Arby's Dining

3,955 visits/mo 0.1 miles

Demographics for 15027, PA

2,236

Population

1,151

Households

1.9

Avg Household Size

46

Median Age

26%

College-Educated

96%

High-School Grad

1.4 sq mi

ZIP Area

1,597

Density / Sq Mi

$62,708

Median Household Income

$40,130

Median Earnings

$906

Median Rent

$176,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Similar Off Market Nearby

• Connolly Jennifer J — 1647 W State St, Baden, PA 15005
• Rite Aid Pharmacy — 1021 1st Ave, Conway, PA 15027
• Mario Funair — 1021 1st Ave, Conway, PA 150271666
• Rite Aid #10894 — 1021 1st Ave, Conway, PA 15027
• Maria M. Gallagher, RPH — 1021 1st Ave, Conway, PA 15027

Frequently Asked Questions

What type of property is this?

Drug store - Single-tenant Rite Aid property is leased under an NNN corporately guaranteed arrangement with 3.8 years remaining.

Where is this drug store located?

The property is located at 1021 1st Avenue Conway, PA.

What are key features of this property?

This property features: Single‑tenant Rite Aid property with an NNN corporately guaranteed lease; 3.8 years remaining on the base lease term; lease recently extended through 2023; Rite Aid has operated at this location since 1999