MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,500-SQUARE FOOT NET-LEASED PROPERTY

HERSHEY, PA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales has announced the sale of Rite Aid, a 7,500-square foot net-leased property located in Hershey, PA. According to Sean Beuche, regional manager and broker of record of the firm’s Philadelphia office, the asset sold for $3,000,000.

Derrick Dougherty, Steve Garthwaite, and Nick Geaneotes, investment specialists in Marcus & Millichap’s Philadelphia office, represented the buyer.

The property is located at 337 W Chocolate Ave, Hershey, PA. Rite Aid sits adjacent to Hershey’s Chocolate World/Hershey Park with Over 3.38 Million Annual Visitors. The site further benefits from its strategic location, 1.5 Miles to Penn State’s Hershey Medical Center with 10,000+ Employees and Penn State’s Children Hospital. There is a strong daytime population with over 34,700 employees within a 5-Mile Radius. This Rite Aid is a proven location with an impressive 21-year operating history.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.