Rite Aid

111 West Main St, West Newton, PA 15089

  • For Sale $2,783,250
  • Property Type Retail - Street Retail
  • Property Size 13,059 SF
  • Lot Size 1.27 Acre
  • Year Built 1970
  • Date Updated Apr 22, 2024
West Newton, located 24.5 miles southeast of Pittsburgh, is a borough in Westmoreland County in the state of Pennsylvania. Formerly, the manufacture of radiators and boilers were the chief industries. The population was 2,633 at the 2010 census. Westmoreland County is a county in the Commonwealth of Pennsylvania. As of the 2020 census, the population was 364,663. The county seat is Greensburg. Formed from, successively, Lancaster, Northumberland, and later Bedford counties, Westmoreland County was the first county in the colony of Pennsylvania whose entire territorial boundary was located west of the Allegheny Mountains. Westmoreland County originally included the present-day counties of Fayette, Washington, Greene, and parts of Beaver, Allegheny, Indiana, and Armstrong counties. It is named after Westmorland, a historic county of England. Westmoreland County is included in the Pittsburgh Metropolitan Statistical Area. Coal mining became a major industry in the county after the Civil War, followed by expansion of manufacturing of iron, steel and glass. The 600-acre coke works for the Isabella Furnace were built in Cokeville in Spring of 1872. At one point, company "coal patches" (towns built for miners) represented about one-third of the county's settlements. In 2020 the top industries in the county were health care and social services (16.3% of jobs), manufacturing (13.8%) and retail trade (13.7%). Mining comprised less than 1% of the jobs in the county. Greater Pittsburgh is a populous region centered around Pittsburgh, Pennsylvania, the region's largest city and economic hub. The region encompasses Pittsburgh's urban core county, Allegheny, and six adjacent Pennsylvania counties: Armstrong, Beaver, Butler, Fayette, Washington, and Westmoreland in Western Pennsylvania, which constitutes the Pittsburgh, PA Metropolitan Statistical Area MSA as defined by the U.S. Census Bureau. As of the 2020 census, the Greater Pittsburgh region had a population of over 2.37 million people. Roughly one-fifth of the entire population of Pennsylvania resides within the region. The core city, Pittsburgh, has a population of 302,971, making it the second-largest city in the state. Over half of the region's population resides within Allegheny County, which has a population of 1.24 million and is the second-largest county by population in the state..

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Highlights

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • 11 Years Remaining in Term with Nine, 5-Year Options
  • Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
  • Successful 36+ Years Operating History
  • NYSE: RAD | Third Largest Drugstore Chain in the U.S. with Over 2,245 Locations
  • Positioned at a Stand-Alone Corner Location of W Main Street and Collinsburg Road
  • Easily Accessible with Multiple Points of Access Along W Main Street

Contacts

broker

Brandon Hanna

Encore Real Estate Investment Services

(248) 702-0290

Location

Getting Around

  • Walk Score ®

    56/100 Somewhat Walkable
  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City West Newton, PA
  • Neighborhood West Newton
  • Zip Code 15089
  • Market Pittsburgh

Points of Interest

  • Sunoco

    0.84 miles

  • Sheetz

    3.06 miles

  • Speedway

    3.41 miles

  • BFS

    3.46 miles

  • CoGo's

    3.57 miles

  • GetGo

    4.12 miles

  • Exxon

    5.74 miles

  • Citgo

    5.78 miles

  • Exxon

    6.34 miles

  • Valero

    7.21 miles

  • West Newton Trail Access

    0.07 miles

  • State Farm Customer Parking

    0.20 miles

  • Sutersville Trail Access

    2.78 miles

  • Morris Weiss Whitsett Trail Access

    7.29 miles

  • PNC Bank Parking

    7.44 miles

  • Bekavac Funeral Home Parking

    7.48 miles

  • Boston Trail Access

    7.49 miles

  • Dead Man's Hollow Parking

    8.44 miles

  • Library Parking

    8.47 miles

  • North Charleroi Park & Ride

    8.49 miles

  • Mama Pepinos

    0.05 miles

  • Fox's Pizza

    0.05 miles

  • Subway

    0.16 miles

  • Area 51 Barbecue

    2.83 miles

  • Subway

    2.87 miles

  • Driscoll and Sons Cafe

    2.88 miles

  • Jake's Pizza

    2.91 miles

  • Bill's Golfland

    2.93 miles

  • Murphy's Pub

    3.01 miles

  • The Pizza Company

    3.02 miles

  • Giant Eagle

    0.59 miles

  • Shop 'N Save

    2.76 miles

  • Giant Eagle

    6.34 miles

  • Big Lots

    6.38 miles

  • Walmart Supercenter

    6.46 miles

  • ALDI

    6.49 miles

  • Foodland

    7.12 miles

  • Giant Eagle

    7.29 miles

  • Duritza's

    7.31 miles

  • Giant Eagle

    8.20 miles

Frequently Asked Questions

What is the lease rate for Rite Aid?

Rental asking rate at Rite Aid is $1,391,625.00/YR.

What is the total square footage of Rite Aid?

Rite Aid totals 13,059 square feet.

When was this property built?

Rite Aid was built in 1970.

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Contact Listing Broker

broker

Brandon Hanna

Encore Real Estate Investment Services

(248) 702-0290