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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

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    on June 17, 2019 at 1:30 pm

    Adobe Experience Cloud to Power Rite Aid’s Seamless, Personalized Customer Health and Wellness Experienc […]

  • Rite Aid to Release First Quarter Results on June 26
    on June 17, 2019 at 12:30 pm

    Rite Aid Corporation said today that it will release financial results for its Fiscal 2020 First Quarter, which ended June 1, 2019, on Wednesday, June 26, 2019. The company will hold an analyst call at 5:00 p.m. […]

  • This National Grocery Chain Will Carry CBD in 17 States
    on June 13, 2019 at 11:36 am

    With more than 2,700 branded locations nationwide, this grocer plans to introduce topical CBD products in a third of all states. […]

  • Rite Aid Corporation -- Moody's announces completion of a periodic review of ratings of Rite Aid Corporation
    on June 12, 2019 at 4:22 pm

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Rite Aid Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. […]

  • Jim Cramer Shares His Thoughts On TherapeuticsMD, Rite Aid And More
    on June 12, 2019 at 11:25 am

    On CNBC's "Mad Money Lightning Round,"  Jim Cramer said he likes Yeti Holdings Inc (NYSE: YETI ) very much. He believes the stock is undervalued and he sees it as a long-time hold. Daktronics, ... […]

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Rite Aid

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