11352 Bryant St Yucaipa, CA 92399

Property Details for 11352 Bryant St

Year built

2009

Lot size

2.24 lot acres

Property size

17,369 SF

Property type

Retail properties

Property subtype

Drug stores

Description

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.

Location Insight

City

Yucaipa

County

San Bernardino

State

California

Longitude

-117.035

Latitude

34.0479