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Off Market
1/8

894 Oak Valley Pky
Beaumont, CA 92223


HIGHLIGHTS


OVERVIEW

***Rite Aid***NNN Investment Opportunity MacroReal Commercial, Inc. is pleased to present the rare opportunity to acquire the fee simple interest (Land & Improvement) in Rite Aid drugstore, an absolute NNN Leased, Investment property priced at a 5.49% cap rate located in the city of Beaumont, California. Rite Aid is currently within a 20-year triple net lease that commenced in August of 2007 with alternating ten Percent (10%) and five percent (5%) rental increase for the four 5-year option periods. Approximately 10 years remaining on the lease. The lease is corporate guaranteed by Rite Aid Corporation. Rite Aid, with annual revenues exceeding $27.9 billion, is one if the nation’s leading drugstore chains with more 4,560 stores in 31 states and the District of Columbia. The subject property is a 17,272 square feet Rite Aid with drive-thru pharmacy located in Beaumont. In close proximity to Interstate-10, a major East-West Interstate Highway in California with direct traffic counts in excess of 95,000+ vehicles per day.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

17272

STORIES

1

YEAR BUILT

2008

SPRINKLERS

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PARKING SPACES

60

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

400-520-009