Rite Aid | 7yrs Remain Corp NNN 11352 Bryant St

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed (NYSE: RAD), freestanding, Rite Aid investment property located in Yucaipa, California (Inland Empire). The tenant, Thrifty Payless, Inc., has 6 years remaining in their initial term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 11% rental increase at the beginning of options 1 and 3 along with fair market value increases at the start of options 5 and 6. The lease is corporate guaranteed and NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Founded in 1927, Rite Aid offers an array of health products and services through over 2,500 retail pharmacy locations across 17 states. Additionally, the adjacent Shops Pad and QSR Approved Land Pad within the center are also available for purchase (Contact Broker for Details).