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Former Rite Aid - For Lease 639 Hamlin Hwy 14,673 SF of Retail Space Available in Lake Ariel, PA 18436
Highlights
- Repositioning or Redevelopment Opportunity – Modern, former Rite Aid building available for lease or sale
- Transferrable Roof Warranty - Firestone Red Shield roof warranty in place through 10/19/2029
- Affluent Surrounding Community – Average household income within a 3-mile radius exceeds $79,697, supporting strong retail demand
- 14,673 SF Modern Construction – Built in 2009 and situated on 1.48 acres, providing ample parking and efficient site layout
- Prominent Hard-Corner Signalized Location – Signalized intersection along Hamlin Highway with visibility to over 10,500 vehicles per day
- Strategic Location & Accessibility – Lake Ariel, located in Wayne County, PA, is just 30 minutes from Scranton and two hours from New York City
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 14,673 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Repositioning or Redevelopment Opportunity – Modern, former Rite Aid building available for lease or sale, offering flexibility for an incoming investor or user
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 14,673 SF | Gross Leasable Area | 14,673 SF |
| Property Type | Retail | Year Built | 1951 |
| Property Subtype | Drug Store |
| Total Space Available | 14,673 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 14,673 SF |
| Year Built | 1951 |
Contacts
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Deno
Bistolarides
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Michael
Gaggo
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Matthew
Franciosi
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Michael
Katz
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Brian
Brockman
