894 Oak Valley Parkway

    Beaumont, CA 92223
    • $9,250,000
    • STATUS: Active
    • ON SITE: 457 days
    • ID#: TR18011730
    UPDATED: 37 min ago
    $9,250,000
    • 0
      BEDS
    • 1.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,272
      SQFT
    • $536
      $/SQFT
    Type:
    Commercial
    Built:
    2007
    County:

    School Ratings & Info

    Description

    ***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+GGs 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-20T22:31:28.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/80056341

    894 Oak Valley Parkway Beaumont, CA 92223

    • Price: $9,250,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: TR18011730
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.73
    Acres
    17,272
    SQFT
    $536
    $/SQFT
    2007
    Built
    Neighborhood:
    263 - Banning/Beaumont/Cherry Valley
    County:
    Riverside
    Area:
    263 - Banning/Beaumont/Cherry Valley
    Property Description
    ***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+GGs 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.
    Exterior Features

    Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Roof Flat

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type Drugstore Cap Rate 5.50 Country Us Investment Property YN Yes Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 508229.00 Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Jared Leung of Macroreal Inv Grp Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-20T22:31:28.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    Bonsall CA, 92003