Rite Aid 20 E 18th St Local commercial 1 162 m² À vendre Antioch, CA 94509 3 326 583 € (2 862,50 €/m²) Taux de capitalisation 7,02 %

The Rite Aid at 20 E 18th Street in Antioch is a single story, 12,592 Sq. ft. retail building originally constructed in 1959. The 1.4-acre lot the property is situated on provides ample parking (4.3/1000).
The property has been occupied by a pharmacy store since 1976 and is among the stores Rite Aid chose to keep during the company restructuring in 2024. The tenant’s commitment to this location is illustrated by the recently signed 10-year extension, which extended the term until the end of 2033. Tenant provides sales reports on an annual basis and currently pays a percentage rent of $95,939.69 in addition to the scheduled rent of $177,738.40. Last year sales were almost $13M, and this is consistent with a 3-year average, after many years of constantly growing sales.
The current lease structure provides ease of management to prospective owners, as landlord is only responsible for maintaining the roof and the structure, with the tenant responsible for all other expenses, including the maintenance of the parking lot and landscaping. There is a large, 37.5% rent increase on January 1, 2029.
The property benefits from its location along 18th street with average daily traffic at the intersection of 18th Street and A Street of 41,902 cars. It is the only pharmacy store in the immediate area, with the closest competitor a CVS 2.2 miles to the South. Other retailers in the immediate area include AutoZone, Wells Fargo, Wendy’s, O’Reilly, Wiener Schnitzel, Taco Bell and Big O Tires.
The Rite Aid in Antioch presents buyers with an opportunity to acquire a top performing store at an infill Bay Area location.