Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 2.76-acre lot with a 28,525 SF former national drugstore/pharmacy located in Bishop, CA. The current tenant, Rite Aid, has closed the store and is in active bankruptcy process, there is a high likelihood the lease is rejected within the next 60 days. The also property features 145 parking stalls, an ample 4.97 stalls per 1,000 leaseable area. The property is zoned General Commercial & Retail (C-1), providing for a wide range of retail and commercial uses. The site presents an excellent lease up or re-development opportunity in a highly desirable retail location.

The subject property is strategically located along US Highway 395 (17,000 VPD), a major north/west thoroughfare serving the western US. The asset is ideally positioned as an anchor in Bishop Plaza, with other notable tenants including AutoZone and Big 5 Sporting Goods, promoting crossover traffic to the site. Additionally, the site is in close proximity to national/credit tenants including Vons, Smart & Final, Grocery Outlet, Chase, and more, further increasing consumer draw to the trade area. The 5-mile trade area is supported by a population of over 11,000 residents with an average household income of $93,455.

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