Retail Space
503 Clifton Road Bethel Park, PA 15102
Details & Description
Price: $6,032,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate guaranteed, drive-thru equipped, Rite Aid investment property located in Bethel Park, PA. The tenant, Rite Aid of Pennsylvania, Inc., has over 17 years remaining in their initial term with 6 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase in September 2028, growing NOI and hedging against inflation. The lease is corporate guaranteed by Rite Aid Corporation and is NN with landlord responsibilities limited to roof, structure, and utility lines, making it an ideal, low-management investment opportunity for a passive investor. Headquartered in Camp Hill, Pennsylvania, RIte Aid operates more than 2,400 locations across 17 states, and is recognized as the largest drugstore chain on the East Coast and the third largest in the United States.
    Listing Agents
    Michael Carter

    O: 248-688-0630
    M: 586-549-4260
    michael.carter@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    503 Clifton Road

    Bethel Park, PA 15102

    Listing ID: 253717
    • 503 Clifton Road Bethel Park, PA 15102 | for Sale | Photo 1
    • 503 Clifton Road Bethel Park, PA 15102 | for Sale | Photo 2
    • 503 Clifton Road Bethel Park, PA 15102 | for Sale | Photo 3
    503 Clifton Road | for Sale | Thumbnail 1
    503 Clifton Road | for Sale | Thumbnail 2
    503 Clifton Road | for Sale | Thumbnail 3
    Building Size: 11,115 SF
    Lot Size: 0.500 AC
    Land Size: 21,780 SF
    Building $/SF: $542.69
    Land $/SF: $276.95
    Price
    $6,032,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate guaranteed, drive-thru equipped, Rite Aid investment property located in Bethel Park, PA. The tenant, Rite Aid of Pennsylvania, Inc., has over 17 years remaining in their initial term with 6 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase in September 2028, growing NOI and hedging against inflation. The lease is corporate guaranteed by Rite Aid Corporation and is NN with landlord responsibilities limited to roof, structure, and utility lines, making it an ideal, low-management investment opportunity for a passive investor. Headquartered in Camp Hill, Pennsylvania, RIte Aid operates more than 2,400 locations across 17 states, and is recognized as the largest drugstore chain on the East Coast and the third largest in the United States.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Pittsburgh History of Retail Space for Sale

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    Bethel Park Area Market Trends

    Listing Demographics for 503 Clifton Road Bethel Park, PA 15102

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population9,74357,255152,397
    Population Median Age414343
    Population by Age0-9 Yrs1314 (13%)6395 (11%)16614 (10%)
    10-19 Yrs1132 (11%)6946 (12%)18447 (12%)
    20-29 Yrs756 (7%)4584 (8%)13291 (8%)
    30-39 Yrs1285 (13%)6460 (11%)17874 (11%)
    40-49 Yrs1177 (12%)7969 (13%)20127 (13%)
    50-59 Yrs1411 (14%)8621 (15%)22851 (14%)
    60-69 Yrs1455 (14%)8088 (14%)20758 (13%)
    70+ Yrs1213 (12%)8195 (14%)22435 (14%)
    Median HH Income$102,215$94,212$85,900
    Total Household Income< 24K315 (8%)2245 (9%)7187 (11%)
    25-49K465 (12%)3441 (14%)10638 (16%)
    50-74K485 (13%)3625 (15%)9973 (15%)
    75-99K557 (14%)2936 (12%)8490 (13%)
    100-199K1443 (38%)7467 (32%)18777 (29%)
    200K+457 (12%)3421 (14%)7935 (12%)
    Highest Education LevelNo Diploma21613584285
    Diploma or GED1280834123862
    Some College1062598716218
    Assoc. Degree57235449837
    Bachelors Degree24211392234512
    Higher Degree1418873823171
    Total Housing Units3,83523,99066,316
    --Owner-Occupied3,36419,14350,029
    --Renter-Occupied3583,99212,972
    Owner-Occupied Values< 100K8210393641
    100-199K1335679919427
    200-299K1352579613239
    300-399K48628856511
    400-499K7310743213
    500K+3515513998
    Total Working Age Population7,68746,229123,490
    In Work Force4,97429,85179,526
    Not In Work Force2,71316,37843,964
    Workforce Employed4,79428,55776,620
    Workforce Unemployed1801,2732,843
    Civlian Workforce4,97429,83179,462
    Military Workforce02164
    Total Households3,72223,13463,001
    Family Households2,91316,73042,934
    Non-Family Households8096,40520,067
    Married Couple2,47214,17236,008
    Other Family4402,5586,926
    Married w/Child9855,50914,449
    Single Male w/Child963321,080
    Single Female w/Child1487682,070

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Allegheny County1,281,666-51,223,348+31,265,919+31,307,654
    Washington County202,897+2207,8200206,9420207,065

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 503 Clifton Road in Bethel Park?
    The asking price for 503 Clifton Road is $6,032,000
    What is the building size of this Retail property in Bethel Park, PA?
    The size of the building/unit at 503 Clifton Road in Bethel Park is 11,115 square feet
    How much land does the Bethel Park, PA property at 503 Clifton Road include?
    503 Clifton Road in Bethel Park includes 0.500 acres of land
    What kind of Retail is the propery at 503 Clifton Road?
    The property at 503 Clifton Road Bethel Park, PA 15102 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 503 Clifton Road in Bethel Park?
    The population within 1 mile of 503 Clifton Road Bethel Park, PA 15102 is 9,743 people.
    Who do I contact for questions about 503 Clifton Road?
    You should contact the listing agent, Michael Carter, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Pittsburgh International Airport (PIT) 15
    Cleveland Hopkins International Airport (CLE) 120
    Erie International Tom Ridge Field (ERI) 122