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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

  • Can Rite Aid's (RAD) Strategies Reverse Earnings Trend in Q1?
    on June 20, 2018 at 9:41 am

    Rite Aid's (RAD) prospects look bright, owing to the pending acquisition, solid fiscal 2019 outlook and other strategies. But we remain skeptical about near-term results due to its dismal past trends. […]

  • Wachovia Bank Commercial Mortgage Trust 2003-C6 -- Moody's Affirms One Interest Only Class of WBCMT 2003-C6
    on June 19, 2018 at 10:34 pm

    Moody's rating action reflects a base expected loss of 4.5% of the current balance, compared to 22.3% at Moody's last review. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. […]

  • Health Dialog Joins Clinical, Business and Government Leaders to Discuss Best Practices for Patient Engagement Success
    on June 19, 2018 at 12:45 pm

    Health Dialog, a leading provider of integrated population health management solutions for health plans, risk-bearing providers and self-insured employers, will assemble a panel of experts representing clinical, business and government perspectives to discuss patient engagement strategies that successfully educate and empower patients to take a more active role in their healthcare. […]

  • Rite Aid to Release First Quarter Results on June 27
    on June 18, 2018 at 12:56 pm

    Rite Aid Corporation said today that it will release financial results for its Fiscal 2019 First Quarter, which ended June 2, 2018, on Wednesday, June 27, 2018. The company will hold an analyst call at 5 p.m. […]

  • Fred's Hires Firm To Sell Retail Pharmacies
    on June 14, 2018 at 12:01 pm

    Fred's Inc. said on June 14, 2018 that it has hired an investment bank "to analyze the value of (its) retail pharmacy script portfolio" and "engage with potential strategic buyers. There’s been some speculation CVS Health, Walgreens Boots Alliance and the company that will be created once Rite Aid and Albertsons complete their merger could be interested in some of Fred’s properties. Fred’s has already sold its specialty pharmacy business to CVS for $40 million. […]

NYSE: RAD

Rite Aid

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