The Lockehouse Investment Sales Team (LIST) is pleased to announce the sale of the single-tenant net lease Rite Aid Pharmacy in Lodi, California. LIST successfully sold the Rite Aid with 4+ years remaining on the lease to a private investor. David Kram, Rachel Kram, and Tatiana Guzman of LIST represented the seller in the transaction.
Rite Aid recently remodeled the 28,456 SF store and has operated at this location for over 30 years. The subject property is in a Save Mart anchored center on one of Lodi’s main corridors, W. Lodi Ave, with traffic counts of over 49,000 vehicles per day at the intersection in front of the center. The Rite Aid is an in-line, end cap, junior anchor space with no drive-thru.
LIST specializes in the acquisition and disposition of single-tenant retail, shopping centers, light industrial, mixed-use, and land. Please contact us at [email protected] if you would like an opinion of value on your property, COVID-neutral strategies, market updates, or more information regarding the sale of this Rite Aid.