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Absolute NNN Lucky Supermarket 1133 Old County Rd 43,689 SF Retail Building San Carlos, CA 94070 $24,972,000 ($571.59/SF) 6.15% Cap Rate

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INVESTMENT HIGHLIGHTS

Premier Bay Area Location with Exceptional Land Value
High-Barrier to Entry Retail Node in Silicon Valley
Strategic Access and Long-Term Potential

Affluent Demographics and High Income Area
Market-Leading Retail Environment
Strong Ownership & Sustainable Lease Structure

EXECUTIVE SUMMARY

This absolute NNN Lucky Supermarket sits just off Hwy 101 in San Carlos, one of the wealthiest suburbs in the country, with average household incomes over $275K. The property offers more than 11 years of term, annual rent bumps, and cross-access to one of California’s top-performing Home Depots. Surrounded by high-volume retailers like Trader Joe’s and Best Buy, this is a stable, low-maintenance asset sitting on A+ Silicon Valley dirt.

Lucky_SanCarlosCA

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

43,689 SF

Building Class

Year Built

1991

Price

$24,972,000

Price Per SF

$571.59

Cap Rate

6.15%

NOI

$1,535,778

Tenancy

Single

Building Height

1 Story

Building FAR

0.28

Lot Size

3.58 AC

Zoning

PM0000

Retailer
-
-
Jan 0000

Lucky was originally founded in San Leandro, California in 1935. The Lucky brand changed ownership many times over the years but in 2007 The Save Mart Companies acquired the Northern California division of Albertsons and converted the stores back to Lucky. There are now sixty-nine stores employing close to five thousand people in and around the San Francisco Bay and in 2015 the exciting new brand ‘Lucky California’ was born. Lucky California is a fresh take on the traditional grocery store. It offers a fusion of Bay Area culture, California-sourced foods and a variety of meal solutions – all at competitive prices. Lucky California brings people together around a shared love of food. They employ friendly people who understand your unique food needs and who are passionate about the diverse flavors that Californians love. They are not a specialty store.