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February 17th, 2010, 04:57 PM
Offering Summary
Offering Price: $4,800,000
Net Operating Income: $385,000
Capitalization Rate: 8.02%
Lease Type: NNN
Building Size (Sq Ft): 17,642
Parcel Size (Acres): 1.8457
Ownership: Leasehold
(expires 12/31/60)*
Zoning: SC (Shopping Center)
Traffic Count: 96,000 v/day
APN (Sacramento County):
243-0081-001
243-0081-027
243-0480-022
243-0480-023
Terms:
Cash or Cash to New Debt
*No ground lease payments required.
nvestment Overview
Rite Aid at Sunrise Festival offers investors an established, corporately backed, net-leased investment opportunity located at one of the Sacramento region's strongest commercial intersections. Publicly traded as RAS, Rite Aid is on a lease that runs through September 2019 and includes six, five-year options to extend with stipulated rental increases. Rite Aid at Sunrise Festival has consistently reported strong store sales and its prime location assures a high level of traffic now and well into the future. Rite Aid is flanked by tenants such as Marshall's, Old Navy, BevMo, PetSmart and Staples at Sunrise Festival I and II. Other tenants at the intersection include Macy's, JC Penny's, Sears, Target, Lowe's, Best Buy, Toys R Us and many others.
Investment Highlights
Net-leased investment guaranteed by Rite Aid Corporation. Tenant pays for all operating expenses, including taxes and insurance.
Prime retail location at the intersection of Sunrise Boulevard and Greenback Lane in Citrus Heights, with a combined average daily traffic count of approximately 96,000 vehicles.
Part of the Sunrise Festival shopping center featuring several national retailers including Marshall's, BevMo, PetSmart and Staples. The Sunrise Marketplace shopping district includes nearly 500 stores and restaurants.
Offering available on an all-cash or cash to new debt basis.
Enjoy tax depreciation as owner of building/improvements.
Dan Riley
Lic. 01057519
310.765.2595
dan.riley@cbre.com
Rob Cole
Lic. 01323882
916.492.6949
rob.cole@cbre.com
Danielle Bower
Lic. 01847718
818.907.4729
danielle.bower@cbre.com
Sam Alison
Lic. 01167124
818.907.4727
sam.alison@cbre.com
Offering Price: $4,800,000
Net Operating Income: $385,000
Capitalization Rate: 8.02%
Lease Type: NNN
Building Size (Sq Ft): 17,642
Parcel Size (Acres): 1.8457
Ownership: Leasehold
(expires 12/31/60)*
Zoning: SC (Shopping Center)
Traffic Count: 96,000 v/day
APN (Sacramento County):
243-0081-001
243-0081-027
243-0480-022
243-0480-023
Terms:
Cash or Cash to New Debt
*No ground lease payments required.
nvestment Overview
Rite Aid at Sunrise Festival offers investors an established, corporately backed, net-leased investment opportunity located at one of the Sacramento region's strongest commercial intersections. Publicly traded as RAS, Rite Aid is on a lease that runs through September 2019 and includes six, five-year options to extend with stipulated rental increases. Rite Aid at Sunrise Festival has consistently reported strong store sales and its prime location assures a high level of traffic now and well into the future. Rite Aid is flanked by tenants such as Marshall's, Old Navy, BevMo, PetSmart and Staples at Sunrise Festival I and II. Other tenants at the intersection include Macy's, JC Penny's, Sears, Target, Lowe's, Best Buy, Toys R Us and many others.
Investment Highlights
Net-leased investment guaranteed by Rite Aid Corporation. Tenant pays for all operating expenses, including taxes and insurance.
Prime retail location at the intersection of Sunrise Boulevard and Greenback Lane in Citrus Heights, with a combined average daily traffic count of approximately 96,000 vehicles.
Part of the Sunrise Festival shopping center featuring several national retailers including Marshall's, BevMo, PetSmart and Staples. The Sunrise Marketplace shopping district includes nearly 500 stores and restaurants.
Offering available on an all-cash or cash to new debt basis.
Enjoy tax depreciation as owner of building/improvements.
Dan Riley
Lic. 01057519
310.765.2595
dan.riley@cbre.com
Rob Cole
Lic. 01323882
916.492.6949
rob.cole@cbre.com
Danielle Bower
Lic. 01847718
818.907.4729
danielle.bower@cbre.com
Sam Alison
Lic. 01167124
818.907.4727
sam.alison@cbre.com