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Rite Aid | San Diego, CA 11845 Carmel Mountain Rd

23,650 SF Retail Building San Diego, CA 92128 $10,355,033 CAD ($438 CAD/SF) 5.75% Cap Rate

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Investment Highlights

High Profile SoCal Asset - 52K Vehicles Per Day
Dense Retail Corridor - Ralph's, Trader Joe's, Home Depot
Corporately Guaranteed Lease - Below Market Rent

Infill Location - Grocery-Anchored Shopping Center
235K Residents Within 5-Miles - Affluent Average HHI of $199K
Triple Net (NNN) Lease - Exercised 5-Year Option (Jan 2025)

Executive Summary

This offering is a high-profile retail asset in Southern California with highly impressive foot traffic.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

23,650 SF

Building Class

Year Built

2004

Price

$10,355,033 CAD

Price Per SF

$438 CAD

Cap Rate

5.75%

NOI

$595,414 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.25

Lot Size

2.18 AC

Zoning

CN-1-2

Parking

95 Spaces (4.02 Spaces per 1,000 SF Leased)

Frontage

521 ft on Carmel Mountain Rd

MAJOR TENANTS

Retailer
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Net
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Rite Aid Corporation est en première ligne dans la prestation de services de soins de santé et de produits de détail à plus d'un million d'Américains chaque jour. Leurs pharmaciens sont particulièrement bien placés pour communiquer avec les clients et améliorer leurs résultats en matière de santé. Rite Aid Corporation offre une gamme complète de produits et de services de santé à toute la famille par l'entremise de ses pharmacies de détail à travers les États-Unis.