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547 W Trenton Ave
Morrisville, PA 19067
Rite Aid · Retail Property For Sale
Investment Highlights
- NNN ground lease with zero landlord responsibilities or expenses
- Rare 10% rental increases every 5 years beginning in year 11 and in each of the three, ten year option periods
- Affluent market with the average household income exceeding $129,000 within 1 mile of the site
- 18 years remaining in this initial 20 year lease corporately guaranteed by Rite Aid
- Densely populated market with 10,954 people within 1 mile, 106,519 people within 3 miles and 253,194 people within 5 miles
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,578 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
3.00 AC
Zoning
HC
Parking
57 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 13-028-028 | Improvements Assessment | $48,120 |
| Land Assessment | $52,310 | Total Assessment | $100,430 |
Property Taxes
Parcel Number
13-028-028
Land Assessment
$52,310
Improvements Assessment
$48,120
Total Assessment
$100,430
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