894 Oak Valley Parkway, Beaumont, 92223

Commercial - Retail For Sale

$9,250,000

Beds
Baths
Sqft
2007Built
329DOM
MLS® #: TR18011730
Active, 329 Days on Market

***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.

Essential Information

MLS® #: TR18011730
Price: $9,250,000
Acres: 0.00
Year Built: 2007
Type: Commercial
Sub-Type: Retail
Status: Active

Community Information

Address: 894 Oak Valley Parkway
Area: Banning/Beaumont/Cherry Valley (263)
City: Beaumont
County: Riverside
State: CA
Zip Code: 92223

Exterior

Lot Description: Corner Lot
Roof: Flat Roof

Additional Information

Date Listed: January 16th, 2018
Days on Market: 329

Listing Details

Listing Agent: Jared Leung(01985447)
Listing Office: MacroReal Inv Grp Inc.

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Listing information last updated on December 15th, 2018 at 1:01pm PST.

Based on information from California Regional Multiple Listing Service, Inc. as of December 15th, 2018 at 1:02pm PST. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.