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Rite Aid Newport Rd 17,185 SF of Retail Space Available in Menifee, CA 92584
HIGHLIGHTS
- Signalized Corner
- Approx. 3.5 Miles away from 215 Freeway
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 17,185 SF | 10’ - 22’ | Negotiable | $41.88 CAD/SF/YR $3.49 CAD/SF/MO $719,667 CAD/YR $59,972 CAD/MO | Triple Net (NNN) |
28995 Newport Rd - 1st Floor
Mezzanine
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- Finished Ceilings: 10’ - 22’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT RITE AID
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Rite Aid
- Drug Store
- -
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Rite Aid | Drug Store | - | National |
PROPERTY FACTS
| Total Space Available | 17,185 SF | Frontage | 1,015’ on Newport Rd. |
| Center Type | Strip Center | Gross Leasable Area | 21,858 SF |
| Parking | 80 Spaces | Total Land Area | 11.90 AC |
| Stores | 1 | Year Built | 2016 |
| Center Properties | 2 | Cross Streets | Menifee |
| Total Space Available | 17,185 SF |
| Center Type | Strip Center |
| Parking | 80 Spaces |
| Stores | 1 |
| Center Properties | 2 |
| Frontage | 1,015’ on Newport Rd. |
| Gross Leasable Area | 21,858 SF |
| Total Land Area | 11.90 AC |
| Year Built | 2016 |
| Cross Streets | Menifee |
ABOUT THE PROPERTY
Built in 2016 with reinforced concrete building with 22' high ceiling. Gross Leasable SF is 17,185 that could possibly be divisible to smaller spaces. It is built within 1.63 Acre Lot has 81 surface parking spaces. It has Drive-Thru on south side of the building that could be used for Coffee Shop and/or Fast Food Restaurant. Distance from the property to I-215 Freeway is approximately 3.0 miles away. Heavy Traffic - Nearly 50,000 cars on Newport Road daily. Located in City of Menifee that is one of the fastest growing cities in the nation as well as in California.
- 24 Hour Access
- Corner Lot
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Realty One Properties, Inc.
Rite Aid | Newport Rd
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