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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