11352 Bryant St, Yucaipa, CA 92399

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.