Rite Aid
Rite Aid filed a second Chapter 11 in May 2025, sold prescription files to CVS, Walgreens, Albertsons, Kroger and others, and closed its last 89 stores in October 2025. Any remaining Rite Aid-leased property is effectively vacant or being re-tenanted, so value is purely real estate and re-leasing.
- US units
- 0
- Oct 2025 (all stores closed)
- 3Y net growth
- —
- vs. FY2023
- Credit rating
- NR
- No public rating
- Typical term
- 15-20 yr (legacy)
- Absolute NNN
- Model
- Corporate
- Private
Rite Aid in the news
All news →No tagged headlines in the last three weeks.
Rite Aid net lease FAQ
What is Rite Aid's credit rating?
Rite Aid does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many Rite Aid locations are there in the US?
Rite Aid reported about 0 US locations as of Oct 2025 (all stores closed).
What does a typical Rite Aid net lease look like?
Lease type: Absolute NNN. Initial term: 15-20 yr (legacy). Rent increases: Varied. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Rite Aid corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.