Rite Aid - Lancaster, CA

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Pricing and Location


Price:   $7,357,142

Address:   1356 West Avenue “J”, Lancaster, CA 93534

Status:   Available

Property Details


CAP Rate: 5.25% Year Built: 2010
Net Rentable Area: 15,482
Lot Size (Acres): 1.50 NOI: $386,250

Marketing Materials


Property Description


Corporate Guaranteed Rite Aid ground lease NNN offering in Lancaster, California. The lease is a 20 year true NNN ground lease that commenced in January 2012. The property also offers strong rental growth with a 10% increase at the end of year 10 followed by 5% increases during the option periods. There are eight 5 year options. Located across from the region’s largest medical campus (Antelope Valley Medical Center) that services over 200,000 patients every year.

Area Map and Street View


What Clients Are Saying                                     
 

"Lior Regenstreif is a professional broker that achieves real results for his clients. We purchased a transaction from a seller who had not sold a property in many years and wanted the highest price with no hassles. We were the ultimate buyer and Lior got his seller the price he wanted and made the process as smooth as possible."
Brian Fagan, Selective Real Estate Investments

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557