Rite Aid

San Diego, CA

Click to Download Offering Memorandum

Property Info

Summary

  • Offering Price $7,889,200
  • Cap Rate 5.25%
  • Annual Rent (as of 01/2025) $414,183
  • Lease Type NNN

Key Facts

High Profile SoCal Asset - 52K Vehicles Per Day

Infill Location - Grocery-Anchored Shopping Center

Dense Retail Corridor - Ralph's, Trader Joe's, Home Depot
236K Residents Within 5-Miles - Affluent Average HHI of $182,368

Corporately Guaranteed Lease - Below Market Rent

Triple Net (NNN) Lease - Exercised 5-Year Option (Jan 2025)

Team

David McNevin

David McNevin

Associate
CBRE
Lic. 02101634
+1 949 725 8463
Ian  Schroeder

Ian Schroeder

Senior Vice President
CBRE
Lic. 01497897
+1 949 345 0970
Melissa Ley Marshall

Melissa Ley Marshall

First Vice President
CBRE
Lic. 01984445
+1 949 725 8617