Rite Aid - Lancaster, CA

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.

Additional Info

  • Address: : 1356 West Avenue “J”, Lancaster, CA 93534
  • Price: : $7,150,000
  • Net Rentable Area: : 15,482
  • Lot Size (Acres): : 1.50
  • CAP Rate: : 5.40%
  • NOI: : $386,250
  • Year Built: : 2010
  • Status: : Available

What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

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
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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