Rite Aid
Lowest Cap Rate
4.52%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.34%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
Rite Aid is one of the leaders in the retail drugstore industry selling prescription medications, over-the-counter medications and daily lifestyle items. Based out of Camp Hill, PA, Rite Aid has over 2,300 locations in 19 states and was ranked at #150 on the Fortune 500 companies of 2020. Rite Aid prototypes are usually anywhere from 11,000 - 15,000 SF, with a 20-year lease term with varying rent escalations.
Property & Lease
Average Sale Price$2,000,000 - $7,000,000
Average NOI$150,000 - $450,000
Building SF11,000 - 15,000
Lease Term20 Years
EscalationsVaries
Stock SymbolRADCQ: US
Credit Rating
S&PCCC+
Moody'sCaa1
Cap Rate By Region
7.29
6.79
7.47
N/A
N/A
6.46
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Stock Analysis
Recent Sales Comps
Fresno, CA7.02%
Aston, PA8.83%
Holland, MI6.25%
Top Consumer Traffic
Staten Island, NY265,100
Turlock, CA260,600
Queens, NY251,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data