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1523 Fremont Blvd
Seaside, CA 93955
Grocery Outlet · Retail Property For Sale


Investment Highlights
- Grocery Outlet anchors the property with an established grocery operation.
- Tesla Supercharger installation complements the retail tenancy mix.
- Positioned within City Center Shopping Center alongside established co-tenants.
- Located at a signalized intersection with direct access from Fremont Boulevard.
- Shared parking field supports customer convenience and site circulation.
- Exposure to approximately 25,097 vehicles per day along Fremont Boulevard.
Executive Summary
1523 Fremont Boulevard presents the opportunity to acquire a net leased retail investment anchored by Grocery Outlet within City Center Shopping Center in Seaside, California. The property consists of a freestanding retail building occupied by Grocery Outlet together with a Tesla Supercharger installation, providing diversified income from nationally recognized tenants. The asset benefits from a long-established grocery use, a visible position within an established neighborhood shopping center, and a location at the signalized intersection of Fremont Boulevard and Broadway Avenue.
The property is situated within Seaside's Cabrillo neighborhood on the Monterey Peninsula, providing convenient access to surrounding residential communities, retail destinations, employment centers, and coastal attractions. Fremont Boulevard serves as a major commercial corridor through Seaside and connects the property to nearby Monterey, Sand City, and regional destinations throughout the peninsula. The surrounding area includes neighborhood retail, restaurants, educational institutions, and established residential development that support daily consumer activity.
Grocery Outlet operates as a publicly traded grocery retailer with a substantial California footprint and a business model centered on value-oriented merchandising. The property's grocery-anchored tenancy provides an essential retail use that serves local residents and visitors throughout the year. The Tesla Supercharger component complements the shopping center by supporting electric vehicle users and increasing customer dwell time within the center.
Additional investment attributes include shared parking, direct frontage along Fremont Boulevard, signalized access, and exposure to traffic counts reported at approximately 25,097 vehicles per day on Fremont Boulevard and 10,958 vehicles per day on Broadway Avenue. The combination of established tenancy, retail visibility, and Monterey Peninsula location positions the property as a long-term retail investment opportunity.
The property is situated within Seaside's Cabrillo neighborhood on the Monterey Peninsula, providing convenient access to surrounding residential communities, retail destinations, employment centers, and coastal attractions. Fremont Boulevard serves as a major commercial corridor through Seaside and connects the property to nearby Monterey, Sand City, and regional destinations throughout the peninsula. The surrounding area includes neighborhood retail, restaurants, educational institutions, and established residential development that support daily consumer activity.
Grocery Outlet operates as a publicly traded grocery retailer with a substantial California footprint and a business model centered on value-oriented merchandising. The property's grocery-anchored tenancy provides an essential retail use that serves local residents and visitors throughout the year. The Tesla Supercharger component complements the shopping center by supporting electric vehicle users and increasing customer dwell time within the center.
Additional investment attributes include shared parking, direct frontage along Fremont Boulevard, signalized access, and exposure to traffic counts reported at approximately 25,097 vehicles per day on Fremont Boulevard and 10,958 vehicles per day on Broadway Avenue. The combination of established tenancy, retail visibility, and Monterey Peninsula location positions the property as a long-term retail investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
16,000 SF
Building Class
B
Year Built
2013
Price
$7,397,540
Price Per SF
$462.35
Cap Rate
5%
NOI
$369,877
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.92 AC
Zoning
CMX - Commercial Mixed Use
Parking
47 Spaces (2.94 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 011-297-009-000 | Improvements Assessment | $3,653,068 |
| Land Assessment | $1,569,099 | Total Assessment | $5,222,167 |
Property Taxes
Parcel Number
011-297-009-000
Land Assessment
$1,569,099
Improvements Assessment
$3,653,068
Total Assessment
$5,222,167
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