160 Antelope Ave Woodlake, CA 93286-1506

Property Details for 160 Antelope Ave

Lot size

0.99 lot acres

Property type

Retail space

APN

061-140-057-000

APU

61140057000

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased Rite Aid pharmacy in Woodlake, California. The 14,673 square-foot property, built in 2015 and situated on a 0.95-acre lot, boasts a strong 8.00% cap rate based on a current NOI of $277,515. The lease, corporately guaranteed by Rite Aid, has a remaining term of 11.3 years with six five-year options, ensuring long-term stability. Rent increases of 10% every 10 years are built into the lease, providing significant future income growth. The property benefits from its strategic location as the only Rite Aid serving Woodlake and surrounding areas, with the nearest competitor located 12 miles away. Its proximity to Sequoia National Park, a major tourist attraction, further enhances its appeal. The property's triple-net (NNN) lease structure minimizes landlord responsibilities, making it an attractive, low-maintenance investment. The property's APN is 061-140-057-000. The address is 160 E Antelope Ave, Woodlake, CA 93286. This is a rare opportunity to acquire a well-performing, strategically located retail property with a highly creditworthy tenant and significant long-term growth potential. The asking price is $3,468,000.

Location Insight

City

Woodlake

County

Tulare

State

California

Longitude

-119.098

Latitude

36.4161

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments