1165 Arnold Dr
Martinez, CA 94553
Rite Aid | Rare California Bay Area Drugstore · Retail Property For Sale

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Rite Aid in Martinez, CA. There are currently 2 years 3 months remaining on an absolute net lease with four (10 year) options and increases. Rental increases are every ten years during the second and fourth options which begin June 1, 2020. Rite Aid remodeled both the interior and exterior of the building two years ago including new signage, painting, new floors and a overall upgrade to the interior of the store showing commitment to this location. This location has a modest rent per square foot of $14.13 which is inline with the local market allowing an investor to receive equal or possibly greater rent income levels should Rite Aid ever vacate the location. The subject property is located approximately one mile from a 197,660 square foot Kaiser Permanente medical offices center with out-patient services and over 750 doctors and staff. The subject property is located one block from the Highway 4 on ramp with a traffic count of approximately 79,000 cars per day and approximately 2 miles from Interstate 680 with a traffic count of approximately 120,000 cars per day. Martinez is located in and is the county seat of Contra Costa County in the East Bay of the San Francisco Bay Area in California. The city lies approximately 2 miles from Interstate 680, which runs north over the Carquinez Straight and south to San Jose, California.