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Grocery Outlet

2429 Northwest U.S. 101, Lincoln City, OR 97367

$6,499,000

Cap Rate 6.00%

Views: 81 DOM: 49 Updated: 10.23.24 Posted: 09.10.24 Status: Active

Summary

Price $6,499,000
Built/Renov 1961/2023
Tenant Grocery Outlet
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,855
Lease Start 08-09-2023
#Units 524
Price/SF $437.50
Expiration 08-31-2038
Tenant Type Grocery
NOI $389,944
R. Term 13.10
Ownership Fee Simple
Rent/SF $26.25
Increases 8.5%/5/yrs
Pop 5Mi 12,286
Lot/AC 0.96
Options 5/5yrs/8.5%
AHHI 5Mi $81,681

Jereme Snyder
Colliers NNN Group
Contact

Eric Carlton
Colliers NNN Group
Contact

Lease Highlights

  • Grocery Outlet has 13+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 8.5% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NASDAQ: GO)

Location Description

Grocery Outlet is strategically located at the hard corner intersection of Oregon Coast Highway and NW 25th Street, with access to a combined daily traffic count of 21,217 vehicles. This prime location is on the Oregon Coast, a renowned tourist destination in the Pacific Northwest that attracts over 30 million visitors annually. The surrounding area features prominent national retailers such...

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Key Features

  • Hard corner intersection

  • Relocation store

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Absolute NNN

  • Long 10+ yr lease

  • Top performing store

  • Corporate Guarantee

  • Publicly traded company

    • ...

Links

Grocery Outlet Wikipedia Grocery Outlet Wikipedia Lincoln City, Oregon Zip Code 97367 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Grocery Outlet
  • Guarantor:Corp T and Rated
  • Company:Grocery Outlet Holding Corp.
  • # Units:524
  • Moody’s: B1
  • Stock: NASDAQ: GO

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...


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Listing Broker

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