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Rite Aid



www.riteaid.com
Average Sale and Lease Details
Price Range 12mo avg: $793K – $7.3M
$/sf 12mo avg: $263.80
CAP Rate 12mo avg: 8.02%
NOI average: $246,946
Lease Terms: 20yrs NN
Building Size avg: 12,400 SF
Lot Size avg: 1.80+/- acres

Rite Aid is the third largest retail drugstore chain in the United States based on both revenues
and number of stores. As of March 1, 2014, Rite Aid operated 4,587 stores in 31 states across the country and in the District of Columbia.
Rite Aid stores sell prescription drugs and a wide assortment of other merchandise, which they call
‘‘front-end’’ products. In fiscal 2014, prescription drug sales accounted for 67.9% of the company total sales. Rite Aid believes that pharmacy operations will continue to represent a significant part of the company business due to favorable industry trends, including an aging population, increased life expectancy, anticipated growth in the federally funded Medicare Part D prescription program as ‘‘baby boomers’’ start to enroll, expanded coverage for uninsured Americans as the result of the Patient Protection and Affordable Care Act and the discovery of new and better drug therapies. Rite Aid carry a full assortment of front-end products, which accounted for the remaining 32.1% of their total sales in fiscal 2014. Front-end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and numerous other everyday and convenience products. Rite Aid also offers various photo processing services in virtually all their stores.
Rite Aid differentiate their stores from other national chain drugstores, in part, through their wellness+ loyalty program, their Wellness format stores, innovative merchandising, private brands and Rite Aid’s expanded strategic partnership with GNC, a leading retailer of vitamin and mineral supplements. Rite Aid offers a wide variety of products through their portfolio of private brands, which continue to be well received by their customers. Private brand items contributed approximately 18.2% of their front-end sales in fiscal 2014.

S&P Credit Rating: B
Moody’s Credit Rating: B2
Annual Revenue 2014: $25.5B
Annual Revenue 2013: $25.4B
Revenue Growth: ↑ 0.5% from 2013
Net Income $249.4M
Units (Mar. 2014) 4,587
Average Units Volume: $5.8M

Yahoo! Finance: RAD News Latest Financial News for RAD

  • See what the IHS Markit Score report has to say about Rite Aid Corp.
    on April 23, 2018 at 12:01 pm

    Rite Aid Corp NYSE:RAD […]

  • Naloxone available at Rite-Aid without prescription
    on April 20, 2018 at 4:05 pm

    Drug that reverses opioid overdose will be available in 19 states, the retailer announces. […]

  • Rite Aid Commences Offer to Purchase Certain of its Outstanding Series of Notes
    on April 19, 2018 at 8:15 pm

    Rite Aid Corporation today announced that it has commenced an offer to purchase for cash up to $700,000,000 of certain of its outstanding indebtedness, consisting of its 6.75% Senior Notes due 2021 and 6.125% Senior Notes due 2023 , with a portion of the net cash proceeds received from its previously announced sale to Walgreens Boots Alliance, Inc. […]

  • Naloxone Available at Rite Aid Pharmacies in 19 States
    on April 19, 2018 at 6:33 pm

    Rite Aid Corporation (RAD) announced today that naloxone, a medication that can be used to reverse the effects of an opioid overdose, is available at each of the more than 2,500 Rite Aid pharmacies in the United States and can be dispensed without a prescription, subject to state regulations. “The opioid epidemic has reached epic proportions and it is an issue that demands not only our attention but also our continued action to help reduce the rise in opioid deaths,” said Jocelyn Konrad, Rite Aid executive vice president of pharmacy. “For the past two years, we’ve worked with state and federal lawmakers to increase access to this life-saving medication. […]

  • Albertsons Companies, LLC -- Moody's assigns B1 CFR to Albertsons Companies, Inc.; outlook negative
    on April 18, 2018 at 2:59 pm

    Moody's Investors Service, ("Moody's") today assigned a B1 Corporate Family Rating and B1-PD probability of default rating to Albertsons Companies, Inc. ("Albertsons"). Moody's also ... […]

NYSE: RAD

Rite Aid

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