NNN Rite Aid | 6.00% Cap Rate | Long Term Lease

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  • c453c8f4fc4742078069cf5d79d9acc9
  • 07f601ac650e44b2b588087a15c9b31c

Available $9,910,000 - Retail - Single Tenant
Cap Rate:  6%Size:  17,340 SFTerm:  11 Print

 Investment Offering & Highlights

  • Triple net lease with over 11 years remaining
  • Tenant is responsible for taxes, insurance, and all maintenance including repairs/replacements to roof, structure and parking lot
  • Lease is guaranteed by Rite Aid Corporation with 2018 revenues of $21.8 billion
  • Excellent demographics with over 192,000 within a 5-mile radius and average household incomes in excess of $113,000 within 1-mile radius
  • Established location on the hard corner of the high traffic signalized intersection of Elk Grove Blvd. and Waterman Road

Property Description

Established free-standing NNN Rite Aid with over 11 years remaining on the lease. Completed in 2011, the property is located on a the southeast corner of the high traffic, signalized intersection of Elk Grove Boulevard and Waterman road on the eastern edge of Old Town Elk Grove historic district, one of the oldest western settlements in the greater Sacramento region. The property benefits from excellent demographics with average household incomes over $113,000 within one mile and a population over 192,000 within 5 miles.

Property Location