Freestanding Rite Aid Investment
For Sale
Contact for pricing
Pending
11352 Bryant St, Yucaipa, CA 92399
NNN leased Rite Aid in Yucaipa, CA for sale.
Property Size17,369 SF
Days on Market1416
Property Features for 11352 Bryant St
General Information
Standard status
Pending
Size
17,369 SF
Total Parking Spaces
113
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$557,987
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #01912215
Source:
Crexi
Added: Oct 14, 2022
Changed: Aug 8
Last Checked: Aug 29 at 5:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding Rite Aid property is located at the hard corner intersection of Bryant Street and Oak Glen Road in Yucaipa, California, within the Inland Empire. The property benefits from a drive-thru pharmacy. The tenant, Thrifty Payless, Inc., has approximately 7 years remaining in their initial term with 6 (5-year) options to extend. The lease features a 11% rental increase at the beginning of options 1 and 3 along with fair market value increases at the start of options 5 and 6. The lease is corporate guaranteed and NNN with limited landlord responsibilities. The property is located less than 2-mile northeast of Chapman Heights, a planned development that launched in 2000 and currently has 1,700 residential homes, several parks, acres of open space, and an 18-hole golf course. The subject property is located directly adjacent to the Serrano Lake Community, a 38-acre residential development that will feature 144 brand new single-family homes. The property is ideally positioned 2 miles northeast of Yucaipa Valley Center, a 168,000 SF community center with tenants including Ross, Vons, TJ Maxx, and Staples. Other nearby tenants include Stater Bros, Aldi, Big Lots, and Big 5. The location benefits from traffic counts of over 26,000 vehicles per day. The 5-mile subject trade area is supported by more than 67,000 residents and 12,000 daytime employees with an average household income of more than $104,000. The property size is 17,369 square feet. The adjacent Shops Pad and QSR Approved Land Pad within the center are also available for purchase.
Key Highlights
- NNN leased Rite Aid investment property, corporate guaranteed (NYSE: RAD), offering a low‑management, passive investment opportunity.
- Approximately 7 years remaining on the initial lease term with 6 (5‑year) options to extend.
- Located at a high‑traffic hard corner intersection (26,000 vehicles per day) with a drive‑thru pharmacy for consumer convenience.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$248,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,979,260
$5.0M
Cap Rate 7%
$3,556,614
$3.6M
Cap Rate 9%
$2,766,256
$2.8M
Market Conditions
NOI Build-Up for 17,369 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$375.2K $21.60/SF
− Vacancy
−$19.5K −$1.12/SF
EGI
$355.7K $20.48/SF
− OpEx
−$106.7K −$6.14/SF
NOI
$249.0K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,979,260
Cap Rate 7%
$3,556,614
Cap Rate 9%
$2,766,256
Alternative Uses
Best Use
Retail
$3.56M
$3.11M – $4.15M
NOI $248,963 @ 7.0% cap · market cap 3.12%
Second Best
Specialty Retail
$2.41M
$2.11M – $2.81M
NOI $168,444 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$3.66M
$3.21M – $4.27M
NOI $256,461 @ 7.0% cap · market cap 3.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Stater Bros. Markets
Groceries
38,032 visits/mo
0.2 miles
Demographics for 92399, CA
55,794
Population
19,382
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
89%
High-School Grad
53.6 sq mi
ZIP Area
1,041
Density / Sq Mi
$94,718
Median Household Income
$46,011
Median Earnings
$1,658
Median Rent
$472,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Rite Aid Pharmacy — 11352 Bryant St, Yucaipa, CA 92399
- Leon J. Darling, RPh — 11352 Bryant St, Yucaipa, CA 92399
Frequently Asked Questions
What type of property is this?
Drug store - NNN leased Rite Aid in Yucaipa, CA for sale.
Where is this drug store located?
The property is located at 11352 Bryant St Yucaipa, CA.
What is the asking price?
The asking price for this property is $7,971,000.
What are key features of this property?
This property features: NNN leased Rite Aid investment property, corporate guaranteed (NYSE: RAD), offering a low‑management, passive investment opportunity.; Approximately 7 years remaining on the initial lease term with 6 (5‑year) options to extend.; Located at a high‑traffic hard corner intersection (26,000 vehicles per day) with a drive‑thru pharmacy for consumer convenience.**
