Listed by Multi Family Purchases LLC
$4,300,000
FormerRiteAid_Lodi CA
Details
Property Type Retail
Sub Type Pharmacy/Drug, Shopping Center
Square Footage 28,456
Net Rentable (SqFt) 28,456
Tenancy Vacant
Lease Type NNN
Lease Term 35.6
Lease Expiration 02/01/2025
Pro-Forma Cap Rate 9.26%
Pro-Forma NOI $398,384
Price per SqFt $151
Broker Co-Op Yes
Class A
Year Renovated 2015
Buildings 1
Stories 1
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 06/22/1989
former Rite aid, offered for sale or lease at $151/SF or $14/SF NNN, Class A Retail
Marketing description
Former Rite Aid location where Rite Aid operated for over 35 years. Gone vacant 08/01/25. Class A location and commercial neighborhood, in a shopping mall next to Savemart grocery store and restaurants including Subway, Taco Bell, Dominos Pizza, Yafa Hummus Mediterranean restaurant, sherman's buffett, Tony's pizzeria, The Avenue Grill and shops including Fedex, Credit Union, Fashion Nails, polish shop and T-mobile.
28,456sqft total space. Roof 8 years old. Roof elevation 20ft from ground level.
At $4.3M, offered at just $151/sqft for sale to Owner User/ Investor; Lowest price/sqft class A. Offered at $14/sqft NNN to interested tenants. Contact Broker Agentsdeal Inc. Sandeep Gupta,. BRE 01984344
Listing Contacts
Listed by Multi Family Purchases LLC
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