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INVESTMENT OFFERING

SAB Capital is pleased to present Rite Aid in Pullman, Washington, a city located about 66 miles south of Spokane. The property is subject to an absolute triple net (NNN) lease structure with over 7 years remaining in the base term. It is located in a dense retail trade area with over 965,000 square feet of retail within 1 mile. Pullman is also home to Washington State University with over 28,000 students.

  • Rite Aid in Pullman, WA | 65 Miles South of Spokane
  • Rare Pacific Northwest Investment Opportunity | Washington is an Income Tax-Free State
  • Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
  • Strong Commitment to Site | Tenant Exercised 2-5 Year Options Early
  • Below Market Rent | Tenant is Only Paying $10.10 Per Square Foot
  • Two Parcels Away From a Walmart Supercenter | Attracts Over 2M Visitors Every Year
  • Population Growth Within 5 Miles of the Subject | 14.6% Increase Since the 2010 Census
  • Dense Trade Area | Over 965K Square Feet of Existing Retail Space Within One Mile of the Subject
  • Less Than 1.5 Miles From Washington State University | 28,000+ Student Enrollment
  • National Retailers Located Nearby | McDonald’s, Starbucks, Chipotle, Safeway, Jiffy Lube, NAPA Auto Parts, Sherwin-Williams, and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Rite Aid $3,181,000 6.75% Absolute NNN 21,255 Available

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