New Construction NorCal Grocery Outlet

  • GroceryOutlet_AlturasCA_OM 1
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  • GroceryOutlet_AlturasCA_OM 7

Available $4,553,000 - Retail - Single Tenant
Cap Rate:  6.15%Size:  2.54 AcresTerm:  12 Print

 Investment Offering & Highlights

  • Brand new built-to-suit construction for Grocery Outlet
  • New 12-year net lease with minimal Landlord responsibilities
  • Scheduled rent increases of 10% throughout the lease
  • Grocery Outlet will anchor a new retail shopping center development in the under served market of Alturas and the surrounding area
  • Four five-year options with 10% rental increases at the start of each option
  • Grocery Outlet will be the only major grocery provider in the city of Alturas and for a trade area extending more than 50 miles
  • Alturas is the county seat of Modoc County and the primary center of commerce

Property Description

Cushman & Wakefield Net Lease Group is pleased to offer an approximately 16,000 square foot single story Grocery Outlet retail building with ample onsite parking. The building is a part of a brand new retail shopping development, set to be completed in April 2019, where Grocery Outlet will be the anchor. Leased to Grocery Outlet, Inc. for 12 years from June 2019 at an initial annual rent of $280,000. The rent increases by 10% at the start of the seventh lease year and at the start of each of the four five-year options.

Please use the following link to access the full offering memorandum for the Grocery Outlet located in Alturas, CA: https://www.crexi.com/properties/217296/california-grocery-outlet-norcal-long-term

Property Location