Log In/Sign Up
Your email has been sent.
Rite Aid | 7yrs Remain Corp NNN 11352 Bryant St 17,369 SF Retail Building Yucaipa, CA 92399 $11,126,879 CAD ($640.62 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 7 Years Remaining | Options To Extend | Well Known & Established Tenant | Corporate Guaranteed
- Yucaipa Valley Center (168,000 SF | Community Center) | Dense Retail Corridor | Strong National/Credit Tenants
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Adjacent to Serrano Lake |Chapman Heights (1,700 Units) | Direct Residential Consumer Base
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed (NYSE: RAD), freestanding, Rite Aid investment property located in Yucaipa, California (Inland Empire). The tenant, Thrifty Payless, Inc., has 6 years remaining in their initial term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 11% rental increase at the beginning of options 1 and 3 along with fair market value increases at the start of options 5 and 6. The lease is corporate guaranteed and NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Founded in 1927, Rite Aid offers an array of health products and services through over 2,500 retail pharmacy locations across 17 states. Additionally, the adjacent Shops Pad and QSR Approved Land Pad within the center are also available for purchase (Contact Broker for Details).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,369 SF
Building Class
B
Year Built
2009
Price
$11,126,879 CAD
Price Per SF
$640.62 CAD
Cap Rate
7%
NOI
$778,905 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.18
Lot Size
2.24 AC
Zoning
CN - Neighborhood Commercial
Parking
113 Spaces (6.51 Spaces per 1,000 SF Leased)
Frontage
292’ on Bryant St
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Rite Aid Corporation is on the front lines of delivering health care services and retail products to over one million Americans daily. Their pharmacists are uniquely positioned to engage with customers and improve their health outcomes. Rite Aid Corporation provides an array of whole being health products and services for the entire family through their retail pharmacy locations across the United States.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0303-181-24 | Improvements Assessment | $8,860,301 CAD |
| Land Assessment | $1,258,634 CAD | Total Assessment | $10,118,935 CAD |
PROPERTY TAXES
Parcel Number
0303-181-24
Land Assessment
$1,258,634 CAD
Improvements Assessment
$8,860,301 CAD
Total Assessment
$10,118,935 CAD
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Rite Aid | 7yrs Remain Corp NNN | 11352 Bryant St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.