37926 47th St E
Palmdale, CA 93552

The subject property, Rite Aid building and shadow shops, is located at a hard signalized corner of Avenue R and 47th Street E. The properties were developed in 2008 and strategically located in the path of growth. The Rite Aid building was a build-to-suit that was built in conjunction with the adjacent shadow shops and Taco Bell. Since its development, the Rite Aid has been a strong performing location, boasting strong sales and a low rent-to-sales ratio. This property is poised to experience continued sales growth as the area surrounding the property continues to grow and expand. Rite Aid has been joined at this location by many national retailers and new developments. The shadow shops are currently 100% occupied by the following tenants: Boost Mobile, Pizza Hut, Prime Time Nutrition Fundamental, and Antelope Valley Community Clinic. Each lease is NNN which prevents any expense leakage. There are many national retailers that surround the properties including: Rite Aid, Vallarta Supermarkets, Taco Bell, CVS, Chase, Super Target, Home Depot, Bank of America, Burger King, El Pollo Loco, Staples, PetsMart, and Ross.