Rite Aid

Rite Aid

$3,500,000
Single Tenant Retail
Lakewood, CA
Cap Rate: 5.10%

Drugstores are popular investments due to their stability and the strength of their corporate parents.  We took this Rite Aid to market during a time where there were rumors of Rite Aid merging with Walgreens.  This property is located on a busy intersection in Lakewood (Los Angeles County) in a shopping center anchored by Vons grocery store.

  • Challenging property with 5 years on current term and 40 years of options with no rent increases
  • Generated multiple offers
  • Procured a cash offer with a quick close
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