5692 Rising Sun Ave
Philadelphia, PA 19120
Bank of America · Retail Property For Sale
Property Facts
Amenities
- Bus Line
- Signage
- Drive Thru
- Air Conditioning
About 5692 RISING SUN AVE , PHILADELPHIA, PA 19120
Marcus & Millichap is pleased to present for sale a corporate guaranteed Rite Aid located in Philadelphia, Pennsylvania. Rite Aid is well located at the signalized intersection of Rising Sun Avenue and Adams Avenue. It is located in the neighborhood of Lawncrest, in the lower Northeast section of the city. Rising Sun Avenue is a main artery through Lawncrest, with over 18,000 vehicles passing by the Rite Aid daily. Surrounding national tenants include Dunkin Donuts, Burger King, Forman Mills, McDonald’s, Wells Fargo, Walmart, Ross and Staples. Rite Aid has 8 years left on their lease with eight, five year options. The original lease term was 20 years and is a NNN lease. Rite Aid was constructed in 2006. Rite Aid is one of the nation’s leading drugstore chains and dominates market share in Philadelphia. Rite Aid has over 2,500 stores concentrated on the east and west coasts. It was rated a B2 by Moody’s. The company is publicly traded on the New York stock exchange. Philadelphia Broker of Record: Marcus & Millichap Real Estate Investment Services of Seattle, Inc. 215-531-7000 License #: RB062197C
Property Taxes
| Parcel Number | 882181625 | Improvements Assessment | $2,876,000 |
| Land Assessment | $719,000 | Total Assessment | $3,595,000 |
Property Taxes
