Rite Aid

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05/08/2026 By B+E

Rite Aid

riteaid.com

14
Number on Market

$3.8M
Average Price

6.7
Average Remaining Term (Years)

6.77%
Average Cap Rate

Rite Aid Tenant Overview

Founded in 1962, Rite Aid is a pharmacy chain headquartered in Philadelphia, Pennsylvania. It operates over 1,200 stores in 17 states across the United States. Its largest presence is in California, with over 340 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.

Rite Aid recently emerged from bankruptcy after cutting more than $2 billion in debt and securing approximately $2.5 billion in exit financing.

Tenant Data:

Company	Rite Aid
Ownership	Private
Headquarters	Philadelphia, PA
Credit Rating	D (Fitch)
Annual Revenue	$24.1B (FY 2023)
Locations (North America)	± 1,249
Regions	Northeast, West, Midwest
Website	www.riteaid.com

Average Rite Aid Info
Number on Market	14
Average Price	$3,819,083
Average Remaining Term	6.7 Years
Average Cap Rate	6.77%
Average NOI	$252,341
Average PPSF	$286
Average Building SF	12,706 SF
Average Lot Size	1.75 AC
AS OF 05/05/26