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11352 Bryant St Yucaipa, CA 92399

For Sale
$7,971,000

7.00% Cap Rate, NNN Lease, Southern CA

Property size:
17,369 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a fee-simple ownership of a Rite Aid pharmacy in Yucaipa, California. The 17,369 square-foot building, constructed in 2009, sits on a 2.24-acre lot and boasts 113 parking spaces, including a convenient drive-thru. The property enjoys a prime location at a signalized, hard-corner intersection with high daily traffic volume (over 26,000 vehicles). The NNN lease with Rite Aid (corporate guarantee) has a remaining term of approximately 4.4 years, with six 5-year options to extend. Rent increases are structured with 11% increases at the beginning of options 1 and 3, and fair market value increases at the start of options 5 and 6. The property benefits from strong demographics, including a 5-mile trade area with over 67,000 residents and 12,000 daytime employees, and an average household income exceeding $104,000. The location is strategically positioned near Yucaipa Valley Center (a large community center with numerous national retailers), Chapman Heights (a residential development with 1,700 homes), and the new Serrano Lake Community (a 144-home development), ensuring a robust and stable customer base. The property's NOI is $557,987, resulting in a 7.00% cap rate, and the asking price is $7,971,000 ($458.92/sq ft). The APN is 0303-181-24-0000. This is a low-management, passive investment opportunity with a well-established tenant and significant upside potential.

Property Features for 11352 Bryant St

General Information

Property type
Individual retail properties
Square Feet
17,369 SF
Lot Size
97,574 SF

Building Details

Year Built
2009

HighLights

  • Approximately 7 years remaining lease term with options to extend; Rite Aid corporate guaranteed lease.
  • NNN lease; fee simple ownership; minimal landlord responsibilities.
  • Located in a dense retail corridor near Yucaipa Valley Center (168,000 SF community center) with strong national credit tenants.
  • Situated on a signalized, hard‑corner intersection, adjacent to Serrano Lake and Chapman Heights (1,700 units), providing direct access to a large residential population.
  • Strong demographics within a 5‑mile radius, including over 67,000 residents and average household incomes exceeding $104,000.
Property Profile Location Intelligence

Current Use by Public Records

Rite Aid Pharmacy Pharmacy Rite Aid Drug Store Leon J. Darling, ... Pharmacy LibertyX Bitcoin ATM Atm higi Health Consultant

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Yucaipa
County
San Bernardino
State
California
Longitude
-117.0351812
Latitude
34.0478678

FAQs

What type of property is this?
Individual retail property - 7.00% Cap Rate, NNN Lease, Southern CA
Where is this individual retail property 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: Approximately 7 years remaining lease term with options to extend; Rite Aid corporate guaranteed lease.; NNN lease; fee simple ownership; minimal landlord responsibilities.; Located in a dense retail corridor near Yucaipa Valley Center (168,000 SF community center) with strong national credit tenants.
More about this property
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