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Rite Aid Properties For Sale

    



Interested in Purchasing a Rite Aid Property for Investment?

 

If you wish to purchase a Rite Aid property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Rite Aid properties for sale in Washington DC, Maryland, Virginia and the entire United States.

   

 

Rite Aid

 

 
Price: 

$3M - $10M


Lease Term
:

20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
6% – 7%
Public
Traded as NYSERAD
Industry Retailing
Founded 1962; 54 years ago(as Thrift D Discount)
1968; 48 years ago(as Rite Aid Corporation)
Headquarters East Pennsboro Township, Cumberland County, Pennsylvania,United States
Number of locations
4,572 (Dec. 2014)[1]
Key people
John Standley,ChairmanCEO;
Ken Martindale,President & Chief Operating Officer;
Frank Vitrano,Chief Financial Officer & Chief Administrative Officer
Products Pharmacy
Revenue US$25.526 billion (FY2014)
US$ 721.26 million (FY2014)
US$ 249.41 million (FY2014)
Total assets US$ 6.944 billion (FY2014)
Total equity US$ -2.113 billion (FY2014)
Number of employees
89,346 (2014)
Slogan With us, it's personal.
Website www.riteaid.com

 

 

 

 

 

 

 


    

  

 About Rite Aid:

  

Rite Aid  is a drugstore chain in the  United States  and a  Fortune 500  company headquartered in  East Pennsboro Township, Cumberland County, Pennsylvania, nearCamp Hill. [2][3]  Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. An offer was presented by Walgreens Boots Alliance in October 2015. Rite Aid accepted the offer and is currently pending government antitrust committee approval. If approved Walgreens would form the world's largest retail pharmacy chain in terms of number of locations. 

Rite Aid began in 1962 as a single store opened in  Scranton, Pennsylvania  called    Thrift D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a  public company  in 1968. Today, Rite Aid is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid reported total sales ofUS$  25.5 billion in fiscal year 2014. In 2008, its  market capitalization  dropped to under $500 million. As of 6 February 2015, the market capitalization of Rite Aid was about $7.15 billion. [4]  Its major competitors are  CVS  and    Walgreens. Walgreens announced on October 27, 2015 that it would acquire Rite Aid for $17.4 billion pending approval.[5] 

Rite Aid began in 1962 as a single store opened inScranton, Pennsylvania called Thrif D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Today, Rite Aid is headquartered in Wormleysburg, a suburb of Harrisburg, Pennsylvania, and is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid reported total sales of USD $24.3 billion in fiscal year 2008. In 2008, its market capitalization dropped to under $500 million. As of 25 February 2010 ( 2010 -02-25)[update], the market capitalization of Rite Aid was about $1.3 billion. [3]

 

Rite Aid Properties For Sale Across the United States :

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming    



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