335 Main St Greenville, PA 16125
- Retail properties
- 1.35 lot acres
Current Use by Public Records
- Rite Aid Pharmacy / Pharmacy
- Rite Aid / Beauty Supply Store / Convenience Store
- Coinhub Bitcoin ATM Teller / Atm
- higi / Health Consultant
- Sheri Timko / Pharmacy
Property Details for 335 Main St
- Lot size
- 1.35 lot acres
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a single-tenant, 11,200 square foot Rite Aid pharmacy located at 335 Main St, Greenville, Pennsylvania, 16125. The property sits on a 1.35-acre lot and boasts a strong 100% occupancy rate with a current gross lease in place. The lease commenced September 1st, 2024, and has a remaining term of approximately 4.1 years, expiring December 31st, 2028. The current lease provides a substantial Net Operating Income (NOI) of $192,804, yielding an attractive 11.34% capitalization rate. The asking price is $1,700,000, translating to a land value of $152 per square foot. Six five-year lease options are included, providing long-term stability and predictable income growth. This well-established pharmacy benefits from its location in Mercer County, Pennsylvania, and offers a secure investment with a proven tenant and a considerable remaining lease term. The property is a single building and represents a compelling opportunity for investors seeking a stable, high-yield retail investment in a desirable location. Detailed financial information is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Mercer
- State
- Pennsylvania
- Longitude
- -80.3791
- Latitude
- 41.4078
