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Rite Aid closed 60 NJ stores. Here's what's happening with the vacated spaces.


Rite Aid closed 60 NJ stores. Here's what's happening with the vacated spaces.

One is up for auction, some are languishing on the leasing market and some have sold quickly for millions of dollars.

The 60 commercial real estate sites once occupied by the now defunct Rite Aid pharmacy are leaving a trail of empty storefronts across New Jersey and the country.

"They had a lot of units. It created a lot of vacancies," said Tim Deluccia of the Deluccia Commercial Group. "But there's a lack of inventory for commercial property right now."

The one he listed, located in Somerville, sold with multiple offers to the owner of a liquor store who was operating out of a space across the street that was one-third of the size of the Rite Aid.

"It has good off street parking," he said. "It's a great building."

The 11,000 square foot free-standing Somerville building was listed for $2.7 million and sold for $2.6 million, he said.

A Rite Aid in Hackettstown is being transformed into a car wash. Another, in Lavallette, sold in less than three months. It's located on Grand Central Avenue, about a block from the Crab's Claw Inn.

And one in Trenton was sold and is being leased to a regional grocer.

Rite Aid occupied both stand-alone buildings that it owned and storefronts, often in shopping centers, that it leased.

A former Rite Aid that was in the Richfield Shopping Center in Clifton has a temporary tenant -- Spirit Halloween. But a permanent tenant is still in negotiations, said Frank Cortes, broker of record and president of The Diamond Agency.

Most of Rite Aid's stores were about 10,000 square feet and that size store is harder to find a tenant for than a 2,000 to 5,000 square foot space.

"Anything 10,000 square feet and larger is not for everybody," he said. "It's not going to be suitable for dry cleaners or small shops. It's going to have to be a supermarket, a gym, a day care. That's one of the challenges."

Rents for a 10,000 square foot store could be $35,000 to $45,000 per month. "You'd have to do over $10,000 to $15,000 in sales a week" to cover the rent, Cortes said. "That's a lot of money."

Other former Rite Aids, in less populated areas, are sitting on the market longer.

"In a smaller community like Barrington, a closure like this is definitely seen and felt," said Barrington Mayor Kyle Hanson. "The closure certainly impacted our residents, particularly our senior population, who relied on having a local pharmacy right in the center of town."

Hanson said the governing body is "working with stakeholders to ensure this property doesn't sit vacant for long and that its future use will benefit our residents."

Some of the Rite Aids are being divided into smaller spaces.

"We're seeing a lot of that taking place throughout the country," said Michael R. Katz, of Ref Advisory Inc., who worked with Rite Aid's sale and lease back program for more than 25 years.

And at least one Rite Aid in New Jersey is being auctioned.

The free-standing building, with a two-lane drive through, has a starting bid of $425,000. It's located on Stokes Road in Medford. The auction will run from Nov. 3 to Nov. 5.

Rite Aid started in 1962 in Scranton, Pennsylvania and at its peak had 5,000 stores. It initially filed for Chapter 11 bankruptcy in October 2023, emerged from bankruptcy in September 2024, but then filed again in May 2025. At that point it had 1,200 stores in 15 states. All Rite Aids, nationwide, were closed by September 2025, according to Wikipedia.

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