Rite Aid (Status: Pending)
728, 4th Ave, Ontario, OR 97914
*Corporate guaranteed NNN lease structure with limited landlord responsibilities.
*Rite Aid is paying $22/SF, which is below average for NW Rite Aid rents.
*Tenant has 5.5 years remaining on the initial term followed by six, 5-year options with $1/SF rent increases.
* High performing location and the only drive-thru pharmacy within 2 miles.
*The property benefits from its proximity to neighboring Idaho Cities in which residents cross over to Oregon to take advantage of zero sales tax.
*Increased draw provided by nearby Saint Alphonsus Medical Center Ontario and Treasure Valley Community College, each within a block from the property.
*Highly visible from SW 4th Avenue with daily traffic counts of 17,300 and 30,000 residents within a 5-mile radius.
Asset Class: Retail
Year Built: 2005
Building Total Square Feet: 17272
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information:
Listing Courtesy of: Capital Pacific, LLC
Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, DBA North Sound Commercial and should be verified by the buyer, seller, or tenant.
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