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Grocery Outlet | Santa Maria, CA 1620 E Clark Ave 16,000 SF Retail Building Orcutt, CA 93455 $5,680,000 ($355/SF) 5.35% Cap Rate

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INVESTMENT HIGHLIGHTS

  • New 10-Year Lease
  • Corporate-Guaranteed Lease (NASDAQ: GO)
  • Grocery Outlet has Become the Jewel of the Value Grocery Store Category
  • 2025 Construction
  • Fourth Quarter Fiscal 2024 Net Sales Increased 10.9% to $1.1 Billion as Compared to the Fourth Quarter Fiscal 2023
  • Conveniently Accessible to Hwy 101 (55,000 CPD)

EXECUTIVE SUMMARY

10-Year NNN Lease | Corporate Guaranty (NASDAQ: GO) | Affluent Santa Barbara County Location ($131,000 AHHI)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
16,000 SF
Building Class
B
Construction Status
Proposed
Price
$5,680,000
Price Per SF
$355
Cap Rate
5.35%
NOI
$303,880
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.68 AC

AMENITIES

  • 24 Hour Access
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Grocery Outlet Holding Corp. is an American discount grocery retailer founded in 1946 by James Read in San Francisco, California. The company operates a network of independently owned and operated stores under the Grocery Outlet Bargain Market banner. Its business model focuses on opportunistic purchasing of surplus, overstock, and closeout products from major manufacturers, allowing customers to save 40–70% compared to conventional retail prices. As of late 2025, the company operates over 535 stores across 16 states, with California being its largest market. The Campbell location serves the South Bay area, offering groceries, fresh produce, frozen foods, health and beauty products, and household essentials at significant discounts.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

Albertsons
Mechanics Bank
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
129-280-028
Land Assessment
$331,340
Improvements Assessment
$13,000
Total Assessment
$344,340
  • Listing ID: 37877976

  • Date on Market: 9/30/2025

  • Last Updated:

  • Address: 1620 E Clark Ave, Orcutt, CA 93455

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