Absolute NNN Rite Aid
811 Tucker Rd Tehachapi, CA 93561
811 Tucker Rd, Tehachapi, CA, 93561
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For Sale
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Pending
16,234 SF Rite Aid in Tehachapi, operating since 1988 with an absolute NNN lease through December 2029.
Property Size16,234 SF
Days on Market104
Property Features for 811 Tucker Rd
General Information
- Standard status
- Pending
- Size
- 16,234 SF
- Property subtype
- Retail
Listing agency
Cushman & Wakefield - San Diego, California
Listed by
Brandon Price · License #CA 01822998
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 5:29PM Checked: Jul 22 at 5:29PM
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
Location Intelligence
Current Use by Public Records
Rite Aid Pharmacy
Pharmacy
Hester M. Botha, ...
Pharmacy
Rite Aid
Pharmacy
Primo Water Refill
Big Box & Wholesale Store
Western Union
Bank
Similar For Sale Nearby
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
FAQs
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
