6199 Sunrise is like a billboard of a store it is such a busy intersection... I also find it ironic this store is closing as it was clearly positioned to extract customers from the Sunrise/Arcadia Rite Aid and Sunrise/Madison Rite Aids. Things must have been going VERY badly for this Walgreens because their $2.2 million per year lease does not end until 2032... https://www.loopnet.com/Listing/6199-Su ... /30868240/
6819 Watt in North Highlands was again an attack on the Rite Aid across the street which is an owned building and a store that seems to have gotten more and more unpleasant over the years and I wouldn't visit it after dark. I see this store's lease also expires in 2032 and Walgreens is going to spot $2.2 million per year of lease expense until they can find a shoe outlet to move into the space like they did for their former Norwood Store another ill fated attack on an existing Rite Aid. https://www.loopnet.com/Listing/6819-Wa ... /30979095/
These stores must have been bleeding money for the leases to still have 8 years left at $2.2 million per year each...
Not too surprised about Watt but Sunrise does surprise me that they didn't try to do things to make it work.
I can't believe how high that rent is either. Way too much.
It's not $2.2M per year. The amount listed was per year, not per month. So about $183K per year. That is more like it.
6199 Sunrise is like a billboard of a store it is such a busy intersection... I also find it ironic this store is closing as it was clearly positioned to extract customers from the Sunrise/Arcadia Rite Aid and Sunrise/Madison Rite Aids. Things must have been going VERY badly for this Walgreens because their $2.2 million per year lease does not end until 2032... https://www.loopnet.com/Listing/6199-Su ... /30868240/
6819 Watt in North Highlands was again an attack on the Rite Aid across the street which is an owned building and a store that seems to have gotten more and more unpleasant over the years and I wouldn't visit it after dark. I see this store's lease also expires in 2032 and Walgreens is going to spot $2.2 million per year of lease expense until they can find a shoe outlet to move into the space like they did for their former Norwood Store another ill fated attack on an existing Rite Aid. https://www.loopnet.com/Listing/6819-Wa ... /30979095/
These stores must have been bleeding money for the leases to still have 8 years left at $2.2 million per year each...
Not too surprised about Watt but Sunrise does surprise me that they didn't try to do things to make it work.
I can't believe how high that rent is either. Way too much.
It's not $2.2M per year. The amount listed was per year, not per month. So about $183K per year. That is more like it.
Yeah $2.2M wouldn't make sense at all... Brain must be frozen up here.
