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Rite Aid | Woodlake, CA 160 E Antelope Ave

14,673 SF Retail Building Woodlake, CA 93286 $3,468,000 ($236/SF) 8% Cap Rate

Drug Stores California Woodlake 160 E Antelope Ave, Woodlake, CA 93286

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
$3,468,000
Price Per SF
$236
Cap Rate
8%
NOI
$277,515
Tenancy
Single
Building Height
1 Story
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
  • -
  • -
  • Triple Net
  • 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 - - Triple Net Mar 2036

Links

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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.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 061-140-057-000 Improvements Assessment $2,241,090
Land Assessment $559,401 Total Assessment $2,800,491

PROPERTY TAXES

Parcel Number
061-140-057-000
Land Assessment
$559,401
Improvements Assessment
$2,241,090
Total Assessment
$2,800,491
(949) 345-0970

Contacts

  • Listing ID: 28130119

  • Date on Market: 4/26/2022

  • Last Updated:

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

More public record information on 160 E Antelope Ave, Woodlake, CA 93286

The Retail Property at 160 E Antelope Ave, Woodlake, CA 93286 is currently available for sale. Contact CBRE, Inc. for more information.

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160 E Antelope Ave, Woodlake, CA for sale Building Photo- Image 1 of 7
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Rite Aid | Woodlake, CA | 160 E Antelope Ave
(949) 345-0970 x

Rite Aid | Woodlake, CA | 160 E Antelope Ave

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Ian Schroeder

(949) 345-0970

(949) 345-0970

David McNevin

(714) 809-3439

(714) 809-3439

Melissa Ley Marshall

(949) 725-8617

(949) 725-8617

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