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Trader Joe's adds to US holdings with one of Santa Monica’s biggest retail deals

Supermarket chain snaps up former Rite Aid store in Los Angeles area
One of America's fastest-growing specialty grocers has snapped up a property whose previous tenant, Rite Aid, closed in May. (CoStar)
One of America's fastest-growing specialty grocers has snapped up a property whose previous tenant, Rite Aid, closed in May. (CoStar)
CoStar News
December 30, 2025 | 9:06 P.M.

Supermarket chain Trader Joe's has purchased a former Rite Aid store in one of Southern California's most affluent cities, adding to the grocer's growing portfolio of owned properties across the nation.

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News | Trader Joe's adds to US holdings with one of Santa Monica’s biggest retail deals