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Rite Aid | Woodlake, CA 160 E Antelope Ave

14,673 SF Retail Building Woodlake, CA 93286 £2,716,484 (£185/SF) 8% Net Initial Yield

Investment Highlights

  • Upgraded Rite Aid Branding - Drive Thru Location
  • Triple Net (NNN) Lease - 10% Rental Increases Every 10 Years
  • Only National Pharmacy in Woodlake - Open & Operating
  • Long Term Lease - Eleven (11.5) Years Remaining
  • Corporately Guaranteed Lease - Rite Aid Corporation
  • Central Valley Location - 60 Minutes to Fresno

Executive Summary

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,673 SF
Building Class
B
Year Built
2015
Price
£2,716,484
Price Per SF
£185
Net Initial Yield
8%
NOI
£217,377
Tenancy
Single
Number of Floors
1
Building FAR
0.35
Lot Size
0.95 AC
Zoning
CC - Community Commercial
Parking
42 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
140 ft on Antelope Ave

Amenities

  • Corner Lot
  • Signage
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • NNN
  • Mar 2036

Rite Aid Corporation is on the front lines of delivering health care services and retail products to over one million Americans daily. Their pharmacists are uniquely positioned to engage with customers and improve their health outcomes. Rite Aid Corporation provides an array of whole being health products and services for the entire family through their retail pharmacy locations across the United States.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - - NNN Mar 2036
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
061-140-057-000
Land Assessment
£438,179
Improvements Assessment
£1,755,446
Total Assessment
£2,193,625
  • Listing ID: 28130119

  • Date on Market: 26/04/2022

  • Last Updated:

  • Address: 160 E Antelope Ave, Woodlake, CA 93286

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