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Shopping Strip

Rite Aid and O'Reilly Auto Parts

1165 Arnold Dr, Martinez, CA 94553

Listing Price: $9,616,000

Cap Rate
5.25%
Gross SF
29,813
Rentable SF
29,813
Price/Gross SF
$322.54
Lot Size
1.10 acres
Year Built
1984

Investment Overview

This secure investment opportunity offers a 100% leased two-tenant retail asset offering tenant diversity and fixed rental increases providing a cushion against inflation. Both leases are corporate guaranteed and both retailers are considered “essential”, being both pandemic and relatively e-commerce resistant. O’Reilly’s is publicly traded and operates over 5,219 locations in 47 states and has a Standard & Poor’s rating of BBB. Rite Aid is the Country’s 3rd largest drug store retailer and has been paramount in both testing and offering vaccinations against the Covid-19 virus. Additionally, it works in partnership with Amazon as a “package pick up center” further spawning retail foot traffic onto the site.

Investment Highlights

  • 100% Leased Two-Tenant Retail Asset with Strong Real Estate Fundamentals (NYSE: "RAD" | NASDAQ: "ORLY")
  • High-Traffic Location in Densely Populated and Affluent Region of the Bay Area
  • Corner Parcel Location at Signalized Four-Way Intersection of Morello Avenue and Arnold Drive (Combined 24,120 AADT)
  • Affluent suburb where the average household income exceeds $141,105 within 1-mile from the site.

Exclusively Listed By

Shopping Strip

Rite Aid and O'Reilly Auto Parts

Listing Price: $9,616,000

Cap Rate
5.25%
Gross SF
29,813
Rentable SF
29,813
Price/Gross SF
$322.54
Lot Size
1.10 acres
Year Built
1984

Investment Highlights

  • 100% Leased Two-Tenant Retail Asset with Strong Real Estate Fundamentals (NYSE: "RAD" | NASDAQ: "ORLY")
  • High-Traffic Location in Densely Populated and Affluent Region of the Bay Area
  • Corner Parcel Location at Signalized Four-Way Intersection of Morello Avenue and Arnold Drive (Combined 24,120 AADT)
  • Affluent suburb where the average household income exceeds $141,105 within 1-mile from the site.

Investment Overview

This secure investment opportunity offers a 100% leased two-tenant retail asset offering tenant diversity and fixed rental increases providing a cushion against inflation. Both leases are corporate guaranteed and both retailers are considered “essential”, being both pandemic and relatively e-commerce resistant. O’Reilly’s is publicly traded and operates over 5,219 locations in 47 states and has a Standard & Poor’s rating of BBB. Rite Aid is the Country’s 3rd largest drug store retailer and has been paramount in both testing and offering vaccinations against the Covid-19 virus. Additionally, it works in partnership with Amazon as a “package pick up center” further spawning retail foot traffic onto the site.

Exclusively Listed By

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