This Rite Aid is a larger format store (17,933 SF), providing expanded product lines and pharmacy. The lease is corporately guaranteed by Rite Aid Corporation (NYSE: RAD), the third largest drugstore chain in America. There are seven (7) years remaining on the lease term, plus six (6), five (5) year options. The lease provides for 5% rental increases at each option period. The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM and parking, and payment of all taxes and utilities. There are 179,133 residents located in the three (3) mile demographic ring, and 509,714 residents located in the five (5) mile demographic ring. There are over 6,700 households in the one (1) mile demographic ring. Downtown Los Angeles is just a 14-mile (18 minute) drive from the subject property, and hosts over 22 million visitors annually. Pico Rivera is located in Los Angeles County, which has the largest population of any county in the nation - nearly 10 million residents who account for approximately 27 percent of California’s population. The property is situated on the hard-signalized corner of Whittier Blvd. & Passons Blvd., which report strong combined traffic counts of 49,083 cars per day. Rite Aid is situated right off the I-605 freeway, which reports traffic counts of 258,000 cars per day. Rite Aid is located within a half-mile of four (4) medical centers, implying a built-in customer base. Rite Aid is located in one of Pico Rivera’s retail corridors, which helps drives traffic to the store. Neighboring retailers include Starbucks, Dollar Tree, The Home Depot, Superior Grocers, In-N-Out Burger, Chipotle, Big 5 Sporting Goods, and Taco Bell among many others.