Property ID #: 19236
Tenant Name: Rite Aid
Street Address:
City: Porterville
State: CA
Zip: 93257

COMPANY DESCRIPTION

Rite Aid Corporation is one of the leading drugstore chains in the United States and a Fortune 500 company, #107 in 2016. As of 3/4/2017, Rite Aid operated 4,536 stores in 31 states across the country and in the District of Columbia. Headquartered in Camp Hill, a suburb of Harrisburg, Pennsylvania, Rite Aid is publicly traded company. Rite Aid stores service prescription drug customers and offer an assortment of other general merchandise, which it calls front-end products. Front end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and other everyday and convenience products, as well as photo processing. It offers approximately 3,300 products under the Rite Aid private brand.

Sector: Pharmacies

FINANCIAL PROFILE

Price: $4,220,000
NOI:
Cap Rate: 6.25
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): B

LEASE ABSTRACT

Lease Type: NNN
Years Remaining: 11
Initial Term Increases: Yes
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options: Yes
Option Increases:
Rent Holidays:

PROPERTY OVERVIEW

Type of Ownership:
Year Built: 2000
Year Remodeled : 2020
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 16
Lot AC :

DEMOGRAPHICS

Population
1-Mile:
3-Mile:
5-Mile:
Average Household Income
1-Mile: 0.00
3-Mile: 0.00
5-Mile: 0.00

INFORMATION REQUEST

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