Absolute NNN Rite Aid
For Sale
Contact for pricing
Pending
811 Tucker Rd, Tehachapi, CA 93561
16,234 SF Rite Aid in Tehachapi, operating since 1988 with an absolute NNN lease through December 2029.
Property Size16,234 SF
Days on Market116
Property Features for 811 Tucker Rd
General Information
Standard status
Pending
Size
16,234 SF
Property subtype
Retail
Lease Type
NNN
Additional Details
Lease Term
90 months
Traffic Count
29,500 vehicles/day
Listing Agency:
Cushman & Wakefield - San Diego, California
Listed By:
Brandon Price · License #CA 01822998
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Aug 3 at 3:39PM
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 Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
The property is a 16,234-square-foot Rite Aid retail building in Tehachapi, California. Rite Aid has operated at this location since 1988, and the lease was extended in 2021 through December 2029, leaving approximately 7.5 years remaining on the initial lease term. The lease includes 5 percent rent increases every three years during the initial lease term and between each of the seven 5-year renewal options. The lease is absolute NNN, providing for zero landlord responsibilities.
The Rite Aid is part of Tehachapi Town Center, a 121,900-square-foot retail center co-anchored by Save Mart and Sears. The center is located at the signalized intersection of Tucker Road and West Valley Boulevard, with access and visibility along two of the area’s main traffic corridors. The combined daily traffic counts exceed 29,500 vehicles. A Walmart Supercenter was built in 2019 and is approximately a half mile north on Tucker Road.
Rite Aid is publicly traded on the NYSE under ticker symbol “RAD,” reporting annual revenues of over $24.5 billion in 2022 with a market cap of over $405 million.
The Rite Aid is part of Tehachapi Town Center, a 121,900-square-foot retail center co-anchored by Save Mart and Sears. The center is located at the signalized intersection of Tucker Road and West Valley Boulevard, with access and visibility along two of the area’s main traffic corridors. The combined daily traffic counts exceed 29,500 vehicles. A Walmart Supercenter was built in 2019 and is approximately a half mile north on Tucker Road.
Rite Aid is publicly traded on the NYSE under ticker symbol “RAD,” reporting annual revenues of over $24.5 billion in 2022 with a market cap of over $405 million.
Key Highlights
- 16,234 SF Rite Aid in Tehachapi, operating at the location since 1988
- Absolute NNN lease with zero landlord responsibilities; lease extended to December 2029
- Lease includes 5% rent increases every three years during the initial term and during seven 5‑year renewal options
Property Analytics
Current Use
Lease Details
29,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93561, CA
31,091
Population
13,876
Households
2.2
Avg Household Size
42
Median Age
28%
College-Educated
92%
High-School Grad
301.8 sq mi
ZIP Area
103
Density / Sq Mi
$86,149
Median Household Income
$52,088
Median Earnings
$1,299
Median Rent
$377,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Rite Aid Pharmacy — 811 Tucker Rd, Tehachapi, CA 93561
- Hester M. Botha, RPh — 811 Tucker Rd, Tehachapi, CA 93561
- Albertsons Pharmacy — 775 Tucker Rd, Tehachapi, CA 93561
- Yuh-Shin Jiang — 811 Tucker Rd, Tehachapi, CA 935612510
- Nga Tran — 811 Tucker Rd, Tehachapi, CA 935612510
Frequently Asked Questions
What type of property is this?
Drug store - 16,234 SF Rite Aid in Tehachapi, operating since 1988 with an absolute NNN lease through December 2029.
Where is this drug store located?
The property is located at 811 Tucker Rd Tehachapi, CA.
What are key features of this property?
This property features: 16,234 SF Rite Aid in Tehachapi, operating at the location since 1988; Absolute NNN lease with zero landlord responsibilities; lease extended to December 2029; Lease includes 5% rent increases every three years during the initial term and during seven 5‑year renewal options
