NNN Leased Drug Store
160 E Antelope Ave Woodlake, CA
For Sale
Contact for pricing
Long-term NNN lease with scheduled rent increase in Central California.
Property Size14,673 SF
Lot Size0.96 Acres
Price / SF$381.65
Days on Market659
Property Features for 160 E Antelope Ave
General Information
- Standard status
- Active
- Size
- 14,673 SF
- Lot size
- 0.96 Acres
- Property subtype
- RETAIL
Listing Agency:
STREAM Capital Partners
(847) 226-4133
Listed By:
Jordan Shtulman · License #475152062
Source:
Moodyscre
Added: Oct 7, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:51AM
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 STREAM Capital Partners
Investment Insights
Based on property information with market context.
This property features a long-term lease with over 13 years remaining on the initial term. A 10% rent increase is scheduled for 2026, resulting in an average guaranteed return of a 5.31% cap rate. The location benefits from complete market share, with the nearest national drug store located over 11 miles away. The lease is absolute NNN, meaning zero landlord responsibilities. It is positioned on a hard corner and includes a double drive-thru lane. The property is located in Central California, 40 miles south of Fresno and 12 miles east of Visalia. The property size is 14,673 square feet.
Key Highlights
- Absolute NNN lease – zero landlord responsibilities
- Rare 10% rent increase in 2026 – average guaranteed return is a 5.31% cap rate
- Long term lease with over 13 years remaining on the initial term
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $440.2k | $30.00 |
| − Vacancy | −$24.2k | −$1.65 |
| EGI | $416.0k | $28.35 |
| − OpEx | −$104.0k | −$7.09 |
| NOI | $312.0k | $21.26 |
14,673 SF · lease $30.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.46M
$3.90M – $5.20M
NOI $311,985 @ 7.0% cap · market cap 5.57%
Second Best
Retail
$2.99M
$2.62M – $3.49M
NOI $209,432 @ 7.0% cap · market cap 3.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rite Aid Pharmacy
Pharmacy
Coinhub Bitcoin ATM ...
Atm
CDReload - Online Bitcoin ...
Atm
LibertyX Bitcoin ATM
Atm
Rite Aid
Pharmacy
Similar Off Market Nearby
- Rite Aid Pharmacy — 160 E Antelope Ave, Woodlake, CA 93286
- Foothill Pharmacy — 250 E Antelope Ave # B, Woodlake, CA 93286
- Jerrys Drug — 250B E Antelope Ave, Woodlake, CA 93286
FAQs
What type of property is this?
Drug store - Long-term NNN lease with scheduled rent increase in Central California.
Where is this drug store located?
The property is located at 160 E Antelope Ave Woodlake, CA.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Absolute NNN lease – zero landlord responsibilities; Rare 10% rent increase in 2026 – average guaranteed return is a 5.31% cap rate; Long term lease with over 13 years remaining on the initial term
