Commercial Sale Details
***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.
|Price Per SqFt||$535.55|
|Area||263 - Banning/Beaumont/Cherry Valley|
|Listing Brokerage||MacroReal Inv Grp Inc.|
|Listing Agent||Jared Leung|
|Listing Agent BRE #||01985447|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, July 24, 2018.
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