806 W Ramsey St | Banning, CA 92220
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806 W Ramsey St
Banning, CA 92220
Rite Aid · Retail Property For Sale
Investment Highlights
- Recent Long Term Lease Extension – Has been operating at this location for over a decade and recently agreed to an early long term lease extension
- Prototype Store Model – Rite Aid recently invested its own capital into upgrading the outdoor signage and indoor pharmacy
- Strategic Location – The store is strategically located between Ramsey St and Interstate 10
- 17% Rent increase in First Option – Extremely rare 17% rental increase in the first option period, with 5% increases every five years thereafter
- Stable Income – Lease is corporately guaranteed by Rite Aid Corporation (NYSE: RAD); which operates ±2,500 locations across the country
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
17,272 SF
Building Class
C
Year Built
2009
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.20
Lot Size
1.99 AC
Zoning
C3
Parking
82 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 540-180-060 | Improvements Assessment | $4,115,547 |
| Land Assessment | $3,218,172 | Total Assessment | $7,333,719 |
PROPERTY TAXES
Parcel Number
540-180-060
Land Assessment
$3,218,172
Improvements Assessment
$4,115,547
Total Assessment
$7,333,719
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