***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 nations 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.

  • MLS# TR18011730
  • Style Retail
  • Sub-Type Resale
  • Status Active
  • Year 2007
  • Days On Site 43
SQ Feet 17,272
Story(s) 0
Listing Provided By:
Jared Leung  of  MacroReal Inv Grp Inc.
 
this listing $9,250,000
2,470.16%
$359,900 in 92223
this listing 17,272 SqFt
806.19%
1,906 SqFt in 92223
this listing $536 $/SqFt
183.62%
$189 $/SqFt in 92223
this listing 43 on site
38.71%
31 on site in 92223

Location

State CA
County Riverside
City Beaumont
Zip Code 92223
Area 263 - Banning/Beaumont/Cherry Valley

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