Rite Aid Adds Seven More Philly Stores to Bankruptcy Sale

Rite Aid adds 7 more Philadelphia-area stores to bankruptcy sale; 8 other locations no longer available

Philadelphia-headquartered Rite Aid persists in its endeavor to sell off store leases and properties amid Chapter 11 bankruptcy proceedings, expanding its offerings to include seven additional locations in the Philadelphia area, encompassing two stores situated on Broad Street.

As of the latest update released on Tuesday, Rite Aid currently lists seven retail leases and six properties in the Philadelphia area. Among the newly added Philadelphia leases are stores located at 810 S. Broad St. and 3260 N. Broad St.

Nationwide, the retail pharmacy chain has put up 84 retail leases and 21 fee-owned properties for sale across 14 states. This updated count shows a decrease of eight available leases from the previous listing on Nov. 5, which listed a total of 92 properties, indicating an ongoing fluctuation as stores are both added and removed from the market.

*Article courtesy of Philadelphia Business Journal

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