Thesis
Create value by purchasing vacant Rite Aid pharmacies and backfilling with a curated mix of retail and medical tenants.
2990 E. Nees Ave, Fresno, CA 93720
Multi-Tenant Modality
For locations that do not meet the criteria of any single-tenant occupant, the property can be repurposed to accommodate a mix of retail and/or medical tenants.
We have a rolodex of potential tenants and industry contacts that would allow for pre-leasing process that ensures quick and stable returns.
Raising Cane’s often utilizes ground leases.
Single-Tenant Modality
Grocery Outlet has been growing aggressively across the West Coast. Its criteria for new stores fits well with vacant Rite Aid buildings across the state. There are other businesses that could also backfill these buildings in a single-tenant modality.
Rendering based on real Rite Aid building in Menifee, CA
Ground Lease Modality
Because many Rite Aid buildings sit on highly trafficked corners, the land value can be worth more than the vacant building less the cost of demolition. This presents an attractive opportunity to bring in high-volume fast food tenants who procure a ground lease and then build to suite.
