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28995 Newport Rd
Menifee, CA 92584
Rite Aid · Retail Property For Sale
Investment Highlights
- Over 15 Years Remaining on Corporate Guaranteed NNN Lease with Rite Aid
- Surrounded By Menifee Lakeside Communities and Menifee Lakes Country Club and Golf Resort
- Below Market Rent of Only $2.06/SF & 5% Increases Every 10 Years
- Excellent Retail Location Located Directly in the Path of New Development in Menifee, CA (6th Fastest Growing City in California)
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,214 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.64 AC
Zoning
SP - Specific Plan
Parking
82 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 364-030-014 | Improvements Assessment | $8,043,956 |
| Land Assessment | $1,506,915 | Total Assessment | $9,550,871 |
Property Taxes
Parcel Number
364-030-014
Land Assessment
$1,506,915
Improvements Assessment
$8,043,956
Total Assessment
$9,550,871
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