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- LoopNet Team
3700 Walnut St
Mckeesport, PA 15132
Rite Aid · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 3700 WALNUT ST , MCKEESPORT, PA 15132
CBRE is pleased to exclusively present for sale this Rite Aid property located on Walnut Street in McKeesport, Pennsylvania. There are 10 years remaining in the initial 20 year lease term with six, five year options to renew with 6% rental increases. This is a double net lease structure with minimal landlord responsibilities or expenses. The lease is corporately guaranteed by Rite Aid, rated B by Standard & Poor's. This subject property was built in 2007 and is situated on an oversized 2.98 acre parcel at the signalized corner of Walnut Street with over 15,000 vehicles traveling by daily. This is the only drug store property within 2 miles, with no Walgreens stores within a 6 mile radius. The immediate area boasts strong demographics with 9,183 people within 1 mile of the property, 50,992 within 3 miles and 114,570 within 5 miles. Surrounding national tenants include Save-A-Lot, Family Dollar, ALDI, Autozone, Dollar Tree, McDonald's and KFC. Located 16.8 miles from Pittsburgh, McKeesport is a city in Allegheny County Pennsylvania and part of the Pittsburgh MSA. By population, it is Allegheny County's second largest city, after Pittsburgh.
PROPERTY TAXES
| Parcel Number | 0464-R-00376-0000-00 | Improvements Assessment | $1,166,200 |
| Land Assessment | $291,500 | Total Assessment | $1,457,700 |
PROPERTY TAXES
