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Rite Aid Retail Space
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337 W Chocolate Ave, Hershey, PA 17033

The property includes a 10-year lease extension with Rite Aid.

Property Size7,500 SF
Days on Market143

Property Features for 337 W Chocolate Ave

General Information

Standard status Active
Size 7,500 SF
Property subtype Retail

Additional Details

Cap Rate 6.85%
Listing Agency: Marcus & Millichap - San Diego
Listed By: Phil Sambazis · License #01474991
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:27PM

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 Marcus & Millichap - San Diego

Investment Insights

Based on property information with market context.

This retail space comprises 7,500 SF and is associated with Rite Aid under a 10-year lease extension. The offering reflects a 6.85% CAP rate.

The property is located at 337 W Chocolate Ave in Hershey, PA 17033, providing a defined address for the leased retail asset.

Key Highlights

  • 7,500 SF retail space
  • 6.85% CAP rate
  • 10‑year lease extension

Property Analytics

Current Use

Rite Aid Pharmacy Jack B Billmyer ... Construction Company Coinhub Bitcoin ATM ... Atm Mary Miller Pharmacy Brandan Mehaffie Pharmacy

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Building Supply HVAC Service Electrical Service Garden Center

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

Location Intelligence

Trade Area within ½ mile

887
Businesses Nearby
140k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 73% Shops & Services 11% Office Supplies 9% Hotels & Casinos 6%
Houlihan's Dining
29,961 visits/mo 0.4 miles
Primanti Bros. Dining
14,249 visits/mo 0.3 miles
Chipotle Mexican Grill Dining
12,403 visits/mo 0.2 miles
Starbucks Dining
12,140 visits/mo 0.3 miles
Staples Office Supplies
12,046 visits/mo 0.4 miles

Demographics for 17033, PA

16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - The property includes a 10-year lease extension with Rite Aid.
Where is this retail space located?
The property is located at 337 W Chocolate Ave Hershey, PA.
What are key features of this property?
This property features: 7,500 SF retail space; 6.85% CAP rate; 10‑year lease extension
(858) 373-3100 Call to check price and availability
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