Rite Aid

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.
• 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

Description:

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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.