3101 Green Valley Rd
Cameron Park, CA 95682

The subject property is a 17,272 square foot Rite Aid located in the Cameron Park community of Sacramento, California. Rite Aid signed a 20 year corporate backed lease, which commenced in March 2009, leaving over 10 years remaining on their initial lease term. The lease provides for five percent rent increases between each of the six 5-year renewal options. Rite Aid, which is publicly traded on the New York Stock Exchange under the ticker symbol "RAD", boasted annual revenues in excess of $21 billion as of June, 2018. The Tenant has shown commitment on the site by introducing their Wellness format into this location. Rite Aid's Wellness Stores provide an expanded offering of clinical pharmacy services and wellness products in addition to medication therapy management, private consultation rooms and a number of other services. Located at the signalized intersection of Green Valley Road and Cameron Park Drive, the subject property features excellent exposure along the area's main retail corridor with surrounding retailers including Starbucks, Mountain Mike's Goodwill, CVS, Metro PCS, Western Union and numerous others. The site is adjacent to the Cameron Parks Estates, a new residential development consisting of 41 single-family homes, with estimated values of $500,000+ per home. The development is slated to break ground in the spring of 2019. The surrounding community boasts average household income in excess of $137,000 within a five mile radius, a figure which is over 69% above the national average. The densely populated area is home to over 58,000 residents within a five mile radius and is anticipated to grow by 15% over the next five years.