Off-Market. For sale Rite Aid in Fresno , CA For more information contact the listing agent, MICHAEL WALSETH 949.400.4261 michael.walseth@e.kidder.com

Posted: 10/13/2021 9:27 am | On HOMEiZ: 926 days | Updated: 2 years ago | Views: 1404

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$3180000

Last Sold Price

$3180000

Last Sold Date

10/14/2021

Property Location & Description

Listing Headline

Off-Market. For sale Rite Aid in Fresno , CA For more information contact the listing agent, MICHAEL WALSETH 949.400.4261 michael.walseth@e.kidder.com

Property Description

Fresno , California.

Tenant Information

Tenant Overview

National Tenants (Public company)

No. of Locations

2,464

Credit Rating

B-

Total Revenue

21.9 billion

Net Worth

7.591 billion

Headquarters

Camp Hill, PA

Tenant Business

Drugstore

Tenant/Company Website

https://www.riteaid.com/locations/ca/fresno/3795-west-shields-avenue.html

Store #

05869

Tenancy Type

Tenancy

Single

Tenant is a Franchise

Yes

Number of Tenants

Corporate Overview

Stock Symbol

RAD

Total Assets Value

$9335000

Property Overview

Year built

1996

Overall Property Condition

Very good

Construction Status

Exist

Total Building Sq. Ft.

16415

Total Lot Size

1.6 Acres

Net Leasable Area

16415 Sq. Ft.

APN#

442-030-33

Parking Type

Off-street

Distressed

Zoning

C-5

Number of Floors

Income

Commission split %

Contact listing agent%

Price per Sq. Ft.

$194

Cap Rate

4.20%

NOI

$133560

Rent to sales ratio

No Data%

Annual Property Tax Rate for this property

1.25%

Responsibility for Property Tax increase

Tenant

Lease overview

Initial Lease term / Month

Lease Remaining Years

years:

Renewal Options

No Data

Annual Rent Increase %

No Data%

Termination Clause

Landlord Option

Sales Report Available

Do not know

Income tax free State

Roof & Structure Responsibility

Tenant

Options to Purchase

Right of First Refusal

Yes

Lease Guarantor

Guarantee Type

Cooperate

Lease Structure

Lease Type

100% Absolute Triple Net Lease (NNN Lease)

Sewer

Type of Sewer

Sewer System (Public)

Investment Overview

Type of use

Investor

Ownership Overview

Ownership Type

Fee simple absolute

Property Highlights

Highlights

Attractive Price Point, Lease Term, and Rental Increases

Off-Market Transaction

National Record Breaking Sale for NNN Pharmacy Investment

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2907

Sold

For Sale

$3,180,000

Listing Presented by

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3795 West Shields Avenue . West Side , CA 93722