13301 Whittier Blvd
Whittier, CA 90602
Retail Property For Sale

Grocery Outlet - Absolute NNN - Trophy Infill Site SUBMIT OFFERS! Strong Performing Store - A+ Location - Major Retail - High traffic Intersection. Long Term Absolute NNN Ground Lease with 13.5 Years Remaining. 10% Rental Increase Every 5 Years. Next Increase in 2020. We are pleased to offer to qualified investors an opportunity to purchase a new Grocery Outlet located along Whittier Blvd. in the dense City of Whittier, CA. Built on approximately a 21,344 square foot hard corner parcel, comprised with a 14,500 SF building, this absolute triple net ground lease investment provides for a 20-year fixed term (13+ Yrs. remain) with 4 - 5 year option periods and 10% rental bumps every 5 years in the Primary and Option terms. This is a true zero-landlord duty Coupon Clipper Asset and delivered free & clear of any debt. Grocery Outlet includes a strong corporate guarantee and is One of the Largest Extreme-Value Grocery Retailers in the Nation . Currently there over 235 stores with plans to expand 30+ within Southern California by the end of 2017. Revenues have grown to $1.7B in 2015, as the store expands into organic and specialty foods throughout their stores. ACROSS FROM THE QUAD! Grocery Outlet enjoys excellent visibility on the hard corner of Whittier Blvd and Painter Ave., the main retail traffic thoroughfare for the City, with over 60,000 CPD at this signalized corner. The Store is strategically positioned diagonal from the Quad, a 432,000 SF power center, located in the heart of Whittier and the main retail hub for much of the area, anchored by major retailers; including Ross, TJ Maxx, Vallarta, Staples, Old Navy, Burlington, and Petco and just down the street from La Serna High School and Whittier College. This irreplaceable site enjoys tremendous demographics with over 450,000 people and affluent household incomes (over $80K HHI). It' s just a few miles away from downtown Los Angeles and offers high barriers to entry with this infill location and dense population. The city of Whittier is an upscale suburban community of Los Angeles County and always ranks as one of the best places to raise a family. This Property offers low downside risk, long term stability and strong real estate intrinsics.