139 S Main St | Butler, PA 16001
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
139 S Main St
Butler, PA 16001
Retail Property For Sale
Investment Highlights
- Rite Aid Corporation Has Officially Assumed this Lease; 1 of 8 Rite Aids assumed with zero lease adaptations
- Zero competition in immediate area: Rite Aid is the ONLY drug store in the entire downtown region
- Double drive-thru
- This commitment shows unit performance and corporate commitment to the location
- Dense infill / high barrier to entry; exceptional placer.ai rankings; ranked #1 of 5 locations within 15 mile radius
- Less Than ¾ mile from Butler Memorial Hospital & Butler Health System Ideally situated in the absolute epicenter of historic downtown Butler
Executive Summary
CBRE is pleased to present an extremely rare investment property opportunity to purchase a corporate Rite Aid drug store in the absolute epicenter of historic Butler, Pennsylvania, a suburb township located just 20 miles to the Northeast of Pittsburgh. Serving as the only Drug store in the entire downtown region, Rite Aid has a built in customer base from the almost 15,000 residents within just a 1-mile radius, in addition to serving as prescription and medication supplier for Butler Memorial Hospital & Butler Health System, which serves over 49,000 annual patients and 294 beds, located less than ¾ mile to the NE.
Protected Location
+Rite Aid has emerged from bankruptcy; the pharmacy chain has reduced its debt by $2B
+Rite Aid, which had over 2,000 stores when it filed bankruptcy in October, 2023, has emerged from bankruptcy with approximately 1,300 remaining store locations
+The company exited bankruptcy, funded by 2.55B in financing approved by its lenders
+Rite Aid Corporation Has Officially Assumed this Lease
+This Commitment Demonstrates Unit Performance and Corporate Commitment to the Location
+One of Just 8 Locations Assumed with Zero Lease Adaptations
+Multiple Locations Consolidated into This Location
+Currently has Three Licensed Pharmacists to Keep up with Huge Demand
+Zero competition in immediate area: Rite Aid is the ONLY drug store in the entire downtown region
Location Facts
•Dense infill / high barrier to entry
•Exceptional placer.ai rankings
•78% percentile in state of PA
•Ranked #1 of 5 locations within 15-mile radius
Protected Location
+Rite Aid has emerged from bankruptcy; the pharmacy chain has reduced its debt by $2B
+Rite Aid, which had over 2,000 stores when it filed bankruptcy in October, 2023, has emerged from bankruptcy with approximately 1,300 remaining store locations
+The company exited bankruptcy, funded by 2.55B in financing approved by its lenders
+Rite Aid Corporation Has Officially Assumed this Lease
+This Commitment Demonstrates Unit Performance and Corporate Commitment to the Location
+One of Just 8 Locations Assumed with Zero Lease Adaptations
+Multiple Locations Consolidated into This Location
+Currently has Three Licensed Pharmacists to Keep up with Huge Demand
+Zero competition in immediate area: Rite Aid is the ONLY drug store in the entire downtown region
Location Facts
•Dense infill / high barrier to entry
•Exceptional placer.ai rankings
•78% percentile in state of PA
•Ranked #1 of 5 locations within 15-mile radius
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,564 SF
Building Class
B
Year Built
2014
Price
$5,874,282 CAD
Price Per SF
$403 CAD
Cap Rate
11.50%
NOI
$675,540 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
C2
Parking
55 Spaces (9.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 562-7-63-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $12,243 CAD | Total Assessment | $12,243 CAD |
PROPERTY TAXES
Parcel Number
562-7-63-0000
Land Assessment
$12,243 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,243 CAD
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
