11352 Bryant St - Drug Store FOR SALE


Yucaipa, CA 92399
$7,971,000 USD
480-221-4221
11352 Bryant St, Yucaipa, CA for Sale
$7,971,000 USD
Drug Store - FOR SALE
1/8
null | 7% Cap Rate

11352 Bryant St
Yucaipa, CA 92399


HIGHLIGHTS

  • Approximately 7 Years Remaining | Options To Extend | Well Known & Established Tenant | Corporate Guaranteed
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Yucaipa Valley Center (168,000 SF | Community Center) | Dense Retail Corridor | Strong National/Credit Tenants
  • Signalized, Hard Corner Intersection | Adjacent to Serrano Lake |Chapman Heights (1,700 Units) | Direct Residential Consumer Base
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed (NYSE: RAD), freestanding, Rite Aid investment property located in Yucaipa, California (Inland Empire). The tenant, Thrifty Payless, Inc., has 6 years remaining in their initial term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 11% rental increase at the beginning of options 1 and 3 along with fair market value increases at the start of options 5 and 6. The lease is corporate guaranteed and NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Founded in 1927, Rite Aid offers an array of health products and services through over 2,500 retail pharmacy locations across 17 states. Additionally, the adjacent Shops Pad and QSR Approved Land Pad within the center are also available for purchase (Contact Broker for Details).

FOR SALE DETAILS

PRICE

$7,971,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid | 7yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

CN

APN/PARCEL ID

0303-181-24

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.