Rite Aid Net Lease
For Sale
Contact for pricing
331 Penn Ave, Pittsburgh, PA 15221
Net leased retail building at a signalized hard corner with long-term Rite Aid occupancy.
Property Size10,908 SF
Lot Size1.46 Acres
Days on Market122
Property Features for 331 Penn Ave
General Information
Standard status
Active
Size
10,908 SF
Lot size
1.46 Acres
Property subtype
Retail
Listing Agency:
Foretell Capital Partners
(412) 745-5000
Listed By:
Wes Koontz · License #FL BK3517518
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 10:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foretell Capital Partners
Investment Insights
Based on property information with market context.
The property is a Rite Aid net lease retail building comprising 10,908 square feet on a 1.46-acre parcel. Rite Aid has occupied the location for more than 22 years and exercised its first option in 2020. The site also includes a recent 5-year lease extension.
Situated in an extremely dense urban neighborhood about seven miles east of downtown Pittsburgh, the property is positioned at a signalized hard corner. The positioning is intended to provide strong traffic exposure for the site.
Foresite Capital Partners, in cooperation with Totum Realty Advisors, is marketing the asset as an NNN investment opportunity based on the tenant’s long-term history at the location and the current lease extension.
Situated in an extremely dense urban neighborhood about seven miles east of downtown Pittsburgh, the property is positioned at a signalized hard corner. The positioning is intended to provide strong traffic exposure for the site.
Foresite Capital Partners, in cooperation with Totum Realty Advisors, is marketing the asset as an NNN investment opportunity based on the tenant’s long-term history at the location and the current lease extension.
Key Highlights
- 10,908 SF retail building on a 1.46‑acre parcel at 331 Penn Avenue in Pittsburgh, PA
- Signalized hard corner location in a dense urban neighborhood approximately 7 miles east of downtown Pittsburgh
- Rite Aid has occupied the property for over 22 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15221, PA
28,913
Population
17,621
Households
1.6
Avg Household Size
42
Median Age
42%
College-Educated
95%
High-School Grad
6.2 sq mi
ZIP Area
4,663
Density / Sq Mi
$55,241
Median Household Income
$42,411
Median Earnings
$954
Median Rent
$157,100
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
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Similar Off Market Nearby
- Rite Aid Pharmacy — 1800-1814 Morningside Ave, Pittsburgh, PA 15206
- Jamie L. Woytek, Pharm — 1800 Morningside Ave, Pittsburgh, PA 15206
- Michael O. Fry, PharmD — 1800 Morningside Ave, Pittsburgh, PA 15206
- Corandina Riegler — 1800 Morningside Ave, Pittsburgh, PA 152061070
Frequently Asked Questions
What type of property is this?
Drug store - Net leased retail building at a signalized hard corner with long-term Rite Aid occupancy.
Where is this drug store located?
The property is located at 331 Penn Ave Pittsburgh, PA.
What are key features of this property?
This property features: 10,908 SF retail building on a 1.46‑acre parcel at 331 Penn Avenue in Pittsburgh, PA; Signalized hard corner location in a dense urban neighborhood approximately 7 miles east of downtown Pittsburgh; Rite Aid has occupied the property for over 22 years
