The subject property is a 13,813 square foot Rite Aid situated on 1.76 acres. Located 15 miles from Downtown Charlotte, it is on a signalized hard-corner off Route 49, the main route between Charlotte and Raleigh with average daily traffic counts of 34,000. It is located across the street from the Harrisburg Town Center, a new mixed-use commercial and residential development. The Center consists of approximately 450,000 square feet of retail and restaurant space, 300,000 square feet of office space and 373 townhomes and condominiums.
Rite Aid – Harrisburg, North Carolina
Rite Aid Corporation is the largest drug store on the East Coast and the nation’s third largest drugstore chain with approximately 4,700 stores in 31 states and the District of Columbia. It provides prescription drugs and front end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing products. Rite Aid Corporation sells its products under the Rite Aid brand. The company is publicly traded on the New York Stock Exchange under the ticker RAD.