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Grocery Outlet

27315 North Bay Road, Blue Jay, CA 92317

$6,636,000

Cap Rate 5.50%

Views: 43 DOM: 88 Updated: 10.28.24 Posted: 09.24.24 Status: Active

Summary

Price $6,636,000
Built/Renov 2024
Tenant Grocery Outlet
Cap Rate 5.50%
Lease Type Double NN
Guarantor Corp Traded
Size/SF 24,000
Lease Start 12-01-2024
#Units 524
Price/SF $276.50
Expiration 11-30-2034
Tenant Type Grocery
NOI $365,000
R. Term 9.11
Ownership Fee Simple
Rent/SF $15.21
Increases 10.0%/10/yrs
Pop 5Mi 20,289
Lot/AC 0.98
Options 5/5yrs/10%
AHHI 5Mi $113,901

Patrick Luther
SRS National Net Lease Group
Contact

Matthew Mousavi
SRS National Net Lease Group
Contact

Lease Highlights

  • Brand new 2024 construction | Undergoing a new remodel that will include a state-of-the-art design with high-quality materials | Roof warranty
  • New 10-year lease with 5 (5-year) options to extend
  • NN lease | Limited landlord responsibilities
  • The lease features 10% rental increases at the start of each option period
  • Corporate guaranteed lease (NASDAQ: GO)

Location Description

Grocery Outlet is strategically located at the signalized, hard corner intersection of N Bay Rd and CA-189, with access to a combined daily traffic count of 15,300 vehicles. The property benefits from excellent visibility, featuring significant street frontage and a large pylon sign. It is in close proximity to several prominent national tenants, including CVS Pharmacy, McDonald’s, 7-Eleven,...

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Key Features

  • New construction

  • Signalized intersection

  • Roof guarantee

  • Strategically located

  • Highway location

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Long 10+ yr lease

  • Corporate Guarantee

    • ...

Links

Grocery Outlet Wikipedia Grocery Outlet Wikipedia Blue Jay, California Zip Code 92317 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Grocery Outlet Holding Corp, dba Grocery Outlet Bargain Market, is an American discount closeout retailer of supermarket locations that offer deeply discounted, overstocked, and closeout products...


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Listing Broker

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