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OFFERING PRICE:
$8,805,000
TOTAL BUILDING AREA:
±21,440 SF
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INVESTMENT HIGHLIGHTS
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Orange County STNL Investment – Few quality infill STNL assets come to market in Orange County in established grocery anchored shopping centers, making this NNN leased Rite Aid a rare and compelling retail investment opportunity
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National Corporate Credit Tenant – Rite Aid Corporation (NASDAQ: RAD) is the third largest retail pharmacy, health and daily living destination in the U.S. Rite Aid operates over 2,400 locations, employs over 53,000 people, has a market capitalization over $721 million and revenue exceeding $21 billion
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Long-Term Lease – Rite Aid has operated at this location since 1972 and signed a new, 15-year firm term lease in 2017, increasing its rent while further committing to the site
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Rite Aid has 11 years of firm remaining lease term (expires Dec. 2031) and a 10% rental increase commencing January 2027
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Highly Trafficked Shopping Center – Rite Aid is part of Country Club Village an 83,675 SF, grocery anchored shopping center featuring co-tenants; Trader Joe’s, HomeGoods, Bank of America, Pizza Hut, Keller Williams, Pilates Plus, Cool Smiles Orthodontics, Country Club Barbers and Chevron (all NAP) among others
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More than 13,200 people in a 1-mile radius with an Average Household Income exceeding $176,600
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More than 90,200 people in a 3-mile radius with an Average Household Income exceeding $163,500
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More than 224,300 people in a 5-mile radius with an Average Household Income exceeding $156,900 |
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
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FOR MORE
INFORMATION
PLEASE CONTACT:
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THIS IS A MARKETING COMMUNICATION
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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