20 E 18th St - Drug Store FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$3,900,000 USD
650-391-1811
20 E 18th St, Antioch, CA for Sale
$3,900,000 USD
Drug Store - FOR SALE
1/4
null | 7.02% Cap Rate

20 E 18th St
Antioch, CA 94509
Pittsburg/Antioch


HIGHLIGHTS

  • Infill Bay Area Location
  • High Performing Store – sales of $1,032/SF in 2024
  • Only remaining pharmacy in the surrounding area, closes competitor is 2.2 miles away
  • 9 years left on the current term
  • 37.5% rent increase on January 1, 2029
  • Long history at this location – going back to 1976

OVERVIEW

The Rite Aid at 20 E 18th Street in Antioch is a single story, 12,592 Sq. ft. retail building originally constructed in 1959. The 1.4-acre lot the property is situated on provides ample parking (4.3/1000). The property has been occupied by a pharmacy store since 1976 and is among the stores Rite Aid chose to keep during the company restructuring in 2024. The tenant’s commitment to this location is illustrated by the recently signed 10-year extension, which extended the term until the end of 2033. Tenant provides sales reports on an annual basis and currently pays a percentage rent of $95,939.69 in addition to the scheduled rent of $177,738.40. Last year sales were almost $13M, and this is consistent with a 3-year average, after many years of constantly growing sales. The current lease structure provides ease of management to prospective owners, as landlord is only responsible for maintaining the roof and the structure, with the tenant responsible for all other expenses, including the maintenance of the parking lot and landscaping. There is a large, 37.5% rent increase on January 1, 2029. The property benefits from its location along 18th street with average daily traffic at the intersection of 18th Street and A Street of 41,902 cars. It is the only pharmacy store in the immediate area, with the closest competitor a CVS 2.2 miles to the South. Other retailers in the immediate area include AutoZone, Wells Fargo, Wendy’s, O’Reilly, Wiener Schnitzel, Taco Bell and Big O Tires. The Rite Aid in Antioch presents buyers with an opportunity to acquire a top performing store at an infill Bay Area location.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

065-183-026-7

ASK ABOUT THIS PROPERTY

Teodor VacevMarcus & MillichapMore Info
650-391-1811

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Teodor VacevMarcus & MillichapMore Info
650-391-1811

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