Tenant Profiles

Rite Aid

B+E > B+E INSIGHTS > Tenant Profiles > Rite Aid

02/29/2024 By B+E

Rite Aid

riteaid.com

38
Number on Market

$4M
Average Price

6.7
Average Remaining Term (Years)

7.51%
Average Cap Rate

Rite Aid Tenant Overview

Founded in 1962, Rite Aid is a pharmacy chain headquartered in Camp Hill, Pennsylvania. It operates over 2,100 stores in 17 states across the United States. Its largest presence is in California with over 500 locations.

In addition to Rite Aid stores, the company operates and franchises several house brands that have a loyal customer base, such as the “Wellness” line of health and wellness products. Rite Aid properties are a staple in the net lease investment sales market due to the company’s credit rating, along with high-quality underlying real estate.

Tenant Data:

Company	Rite Aid
Ownership	Public
Headquarters	Camp Hill, PA
Ticker	NYSE: RAD
Credit Rating	D (Fitch)
Annual Revenue	$24.1B (FY 2023)
Locations (North America)	± 2,169
Regions	Northeast, West, Midwest
Website	www.riteaid.com

Tenant	Rite Aid
Number on Market	38
Average Price	$4,024,141
Average Term Remaining	6.7 Years
Average Cap Rating	7.51%
Annual NOI	$307,588
Average PPSF	$322
Average Building SF	12,699 SF
Average Lot Size	1.7 AC