211 W Birch St - Drug Store FOR SALE
Calexico, CA 92231 |
211 W Birch St
Calexico, CA 92231
HIGHLIGHTS
- • STABLE INCOME - Rental income guaranteed by Rite Aid Corporation.
- • LEASE TERM REMAINING - There are currently five years remaining on a double net lease with six (5 year) options and increases.
- • HIGH PROFILE BORDER LOCATION - Located 1.5 MI from US/Mexico border with ±7.1M cars & 4.4M pedestrians cross in/out of the US annually.
- • HIGH TRAFFIC CORRIDOR - Located at NWC of Imperial West Ave (±32,000 VPD) & W Birch St (±26,774 VPD) with traffic of ±50,000 VPD.
- • LIMITED DRUGSTORE COMPETITION - Only standalone, national chain drugstore in the Calexico.
- • 10% INCREASE IN 1st OPTION - Rental increases are ±10% at the 1st option & 5% every five (5) years during the options.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
5.9 CAP Drugstore in CA 5 Yrs Increases
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
17367
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
76
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
058-120-036-000,058-120-037-000
