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894 Oak Valley Pky
Beaumont, CA 92223

Rite Aid · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
17,272 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.73 AC
Parking
60 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
217 FT on Oak Valley Pky

Amenities

  • Drive Thru

About 894 Oak Valley Pky , Beaumont, CA 92223

***Rite Aid***NNN Investment Opportunity MacroReal Commercial, Inc. is pleased to present the rare opportunity to acquire the fee simple interest (Land & Improvement) in Rite Aid drugstore, an absolute NNN Leased, Investment property priced at a 5.49% cap rate located in the city of Beaumont, California. Rite Aid is currently within a 20-year triple net lease that commenced in August of 2007 with alternating ten Percent (10%) and five percent (5%) rental increase for the four 5-year option periods. Approximately 10 years remaining on the lease. The lease is corporate guaranteed by Rite Aid Corporation. Rite Aid, with annual revenues exceeding $27.9 billion, is one if the nation’s leading drugstore chains with more 4,560 stores in 31 states and the District of Columbia. The subject property is a 17,272 square feet Rite Aid with drive-thru pharmacy located in Beaumont. In close proximity to Interstate-10, a major East-West Interstate Highway in California with direct traffic counts in excess of 95,000+ vehicles per day.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
400-520-009
Land Assessment
$2,231,037
Improvements Assessment
$5,778,387
Total Assessment
$8,009,424
  • Listing ID: 11447636

  • Date on Market: 2/1/2018

  • Last Updated:

  • Address: 894 Oak Valley Pky, Beaumont, CA 92223

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