Retail Space
8008 Panama Road Lamont, CA 93241
Details & Description
Price: $6,816,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, corporate guaranteed, drive-thru equipped, Rite Aid investment property located in Lamont, California. Rite Aid has 6.5 years remaining in their initial term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease is corporate guaranteed and is NNN with landlord responsibilities limited to roof and structure, making it an ideal low-management investment for a passive investor. Founded in 1962, Rite Aid now operates approximately 2,400 stores in 18 states, becoming the third largest drugstore chain in the U.S.Rite Aid is strategically located at the signalized, hard corner intersection of Panama Road and State Highway 184, averaging 24,100 combined vehicles passing by daily. The building is complete with a drive-thru pharmacy, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The site is equipped with a large monument sign along Panama Road and a large pylon sign along State Highway 184, creating excellent visibility. The property benefits from direct access to State Highway 184 (14,800 VPD), a major north/south commuter thoroughfare serving the local agricultural community and the city of Lamont. Moreover, State Highway 184 serves as the primary retail corridor for the trade area with other nearby national/credit tenants including Dollar Tree, AutoZone, McDonald’s, Family Dollar, and more. Furthermore, there is extremely limited competition in the surrounding 5-mile area with Rite Aid being one of the primary drug store options for the city of Lamont. Additionally, the site is surrounded by several apartment complexes including Lamont Family Apartments (64 units), Rancho Lindo (44 units), Vintage Apartments (48 units), and Hallmark Apartments (48 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by more than 65,000 residents and 52,000 daytime employees with an average household income of over $58,000.
    Listing Agents
    Ryan Tomkins
    SRS Real Estate Partners
    O: 619-489-9005
    ryan.tomkins@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    8008 Panama Road

    Lamont, CA 93241

    Lamont CA - Rite Aid

    Listing ID: 273613
    • 8008 Panama Road Lamont, CA 93241 | for Sale | Photo 1
    • 8008 Panama Road Lamont, CA 93241 | for Sale | Photo 2
    • 8008 Panama Road Lamont, CA 93241 | for Sale | Photo 3
    8008 Panama Road | for Sale | Thumbnail 1
    8008 Panama Road | for Sale | Thumbnail 2
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    Building Size: 17,272 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $394.63
    Land $/SF:
    Price
    $6,816,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, corporate guaranteed, drive-thru equipped, Rite Aid investment property located in Lamont, California. Rite Aid has 6.5 years remaining in their initial term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease is corporate guaranteed and is NNN with landlord responsibilities limited to roof and structure, making it an ideal low-management investment for a passive investor. Founded in 1962, Rite Aid now operates approximately 2,400 stores in 18 states, becoming the third largest drugstore chain in the U.S.

    Rite Aid is strategically located at the signalized, hard corner intersection of Panama Road and State Highway 184, averaging 24,100 combined vehicles passing by daily. The building is complete with a drive-thru pharmacy, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The site is equipped with a large monument sign along Panama Road and a large pylon sign along State Highway 184, creating excellent visibility. The property benefits from direct access to State Highway 184 (14,800 VPD), a major north/south commuter thoroughfare serving the local agricultural community and the city of Lamont. Moreover, State Highway 184 serves as the primary retail corridor for the trade area with other nearby national/credit tenants including Dollar Tree, AutoZone, McDonald’s, Family Dollar, and more. Furthermore, there is extremely limited competition in the surrounding 5-mile area with Rite Aid being one of the primary drug store options for the city of Lamont. Additionally, the site is surrounded by several apartment complexes including Lamont Family Apartments (64 units), Rancho Lindo (44 units), Vintage Apartments (48 units), and Hallmark Apartments (48 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by more than 65,000 residents and 52,000 daytime employees with an average household income of over $58,000.

    Points of Interest & Demographic Radii

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    Lamont Area Market Trends

    Listing Demographics for 8008 Panama Road Lamont, CA 93241

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 8008 Panama Road in Lamont?
    The asking price for 8008 Panama Road is $6,816,000
    What is the building size of this Retail property in Lamont, CA?
    The size of the building/unit at 8008 Panama Road in Lamont is 17,272 square feet
    What kind of Retail is the propery at 8008 Panama Road?
    The property at 8008 Panama Road Lamont, CA 93241 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 8008 Panama Road in Lamont?
    The population within 1 mile of 8008 Panama Road Lamont, CA 93241 is 11,372 people.
    Who do I contact for questions about 8008 Panama Road?
    You should contact the listing agent, Ryan Tomkins, for any details regarding this commercial listing.

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