894 Oak Valley Parkway
Beaumont, CA 92223

$9,250,000

Description

***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 nations 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.

Details

MLS#TR18011730
StyleRetail
Sub-TypeResale
StatusActive
Year2007
Days On Site45

Features

SQ Feet17,272
Story(s)0

Market Activity 92223

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Area Information

StateCA
CountyRiverside
CityBeaumont
Zip Code92223
Area263 - Banning/Beaumont/Cherry Valley
Listing VS Median (in 92223)
Price:
$9,250,000
low | high
Med:
$359,000
100% of Average
SqFt:
17,272
low | high
Med:
2,018
100% of Average
$ / SqFt:
$536
low | high
Med:
$178
100% of Average
On Site:
45
low | high
Med:
45
100% of Average
Listing Updated: 02/18/2019
MLS Number: TR18011730
Listing Provided By:
Jared Leung  of  MacroReal Inv Grp Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.