REIT Sale | Former Rite Aid with Drive-Thru | 13K VPD | Hard Corner

Description:

Ri Marketplace Online Auction September 23-25th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2681/reit-sale-former-rite-aid-with-drive-thru-13k-vpd-hard-corner?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2681

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 7844 State Route 45 in Lisbon, OH 44432 (the “Property”). Formerly occupied by Rite Aid, the Property is being offered significantly below replacement cost—providing an excellent opportunity for owner/users or investors to acquire a highly visible, strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!

Constructed in 1996, the Property features a ±10,207-square-foot, single-story retail building on a ±1.1 acre parcel (±47,800 SF). The site includes a drive-thru, three curb cuts for convenient ingress/egress, and 49 surface parking spaces. Positioned at a hard corner, the Property offers outstanding visibility with ±200 feet of frontage along Rose Drive and ±205 feet along State Route 45, with more than 7,900 vehicles passing daily. Previously leased to Rite Aid on a triple net (NNN) basis, the Property presents a value-add opportunity through re-tenanting at prevailing market lease rates (CoStar estimated rents of $10-12/SF NNN retail). Located adjacent to McDonald’s and Dollar General, the site is Zoned “B2” Highway General Business District, and offers favorable and flexible zoning allowing for a broad range of retail and commercial uses.

The Property is located in Lisbon, Ohio, the county seat of Columbiana County and a central retail hub serving the surrounding rural communities of eastern Ohio and western Pennsylvania within the Youngstown-Warren-Boardman, OH-PA Metropolitan Statistical Area (MSA). Strategically positioned at the signalized intersection of State Route 45 (North Market Street) and Rose Drive, the site benefits from excellent visibility and accessibility within Lisbon’s primary commercial corridor. It is located directly across from a busy McDonald’s QSR, adjacent to Dollar General, and within close proximity to other national and regional retailers such as Dollar Tree, Family Dollar, Dunkin’, Napa Auto Parts, Drug Mart and Taco Bell—driving consistent traffic to the area. The Property is situated less than ±3-mi from the US 30 interchange, a major east–west transportation route connecting Lisbon to Canton, OH and Pittsburgh, PA, and is just ±20-mi from the I-76/I-80 Ohio Turnpike corridor. Additional demand drivers within the immediate area include the Columbiana County Courthouse, the Lisbon Exempted Village Schools, and the Salem Regional Medical Center’s Lisbon Community Health Center, all of which contribute steady daytime and evening visitation. The surrounding 5-mile trade area is home to over 11,000 residents with an average household income (AHHI)over $81k, supported by a diverse economic base anchored in government services, healthcare, manufacturing, and retail—providing a solid foundation for re-tenanting and long-term investment stability.


Thomas Seaman
Auctioneer
License: 2007000016

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