Rite Aid Real Estate Sale in California: Key Facts and Investment Opportunities

Rite Aid is currently liquidating a large portfolio of retail properties as part of its ongoing bankruptcy process. A&G Real Estate Partners is handling this court-approved sale, which includes a range of locations across 15 states. California, particularly Central California and the Central Coast, plays a prominent role in this offering.

Rite Aid Available Inventory as of May 2025

Buyers can now explore:

• 1,187 retail leaseholds
• 50 fee-owned properties

These sites typically range from 7,500 to 30,000 square feet. Some properties include distribution centers and larger-format buildings. Assets are being sold on a rolling basis, and properties are removed from the market as transactions are finalized.

California Market Highlights

The Rite Aid real estate sale in California includes dozens of locations across Central California and the Central Coast:

• Bakersfield – Over 16 sites
• Fresno – 6+ sites
• San Luis Obispo County – Including Paso Robles, Atascadero, San Luis Obispo, and Arroyo Grande
• Monterey and Santa Barbara Counties

Key Property Features

Many of these sites include high-value infrastructure, making them ideal for repurposing. Here’s a breakdown of common features by region:

Potential Reuse and Active Conversions

Several former Rite Aid properties have already been repurposed for new uses. Examples include:

• Urgent care centers and health clinics
• Neighborhood grocery stores
• Express car washes
• Last-mile distribution hubs

Each property’s reuse potential depends on zoning laws, local demand, and site-specific features. Our team offers independent valuation services to support these assessments.

Act Now to Secure Opportunities

The inventory is changing quickly as deals close. Investors and real estate professionals are encouraged to review the portfolio and take prompt action.

Central California Appraisals is here to assist with accurate property valuations, feasibility studies, and strategic insights. We serve communities across the Central Valley and the Central Coast.