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Grocery Outlet & Oil Changers | Wasco, CA 1650 Highway 46 18,500 SF Retail Building Wasco, CA 93280 $8,725,000 ($471.62/SF) 5.65% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Available for Sale Separately or Together
  • Corporate Grocery Outlet (NASDAQ: GO): New 15-year lease;10% increases every 5 years
  • Wasco is Within the Logistics Hub of Central California and the Entire Western Region
  • Brand-New Construction; Two Separate Stand-Alone Buildings
  • Corporate Oil Changers: New 15-year lease; 10% increases every 5 years
  • High-Growth Trade Area: 12.74% population growth from 2010 to 2020 within a 3-mile radius

EXECUTIVE SUMMARY

New 15-Year NNN Corporate Leases | Only Grocery Outlet in a 22-Mile Radius | Two Separate Stand-Alone, Single-Tenant Buildings | Available for Sale Separately or Together

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,500 SF
Building Class
B
Year Built
2023
Price
$8,725,000
Price Per SF
$471.62
Cap Rate
5.65%
NOI
$493,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
3.15 AC
Zoning
C - Commercial
Parking
72 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
209’ on Paso Robles Highway

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • Jun 2038

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.

  • Oil Changers
  • Retailer
  • -
  • -
  • Nov 2040
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - Jun 2038
Oil Changers Retailer - - Nov 2040

NEARBY MAJOR RETAILERS

Dutch Bros
Denny's
Starbucks
Anytime Fitness
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
487-040-38-00-2
Land Assessment
$280,097
Improvements Assessment
$0
Total Assessment
$280,097
  • Listing ID: 38530516

  • Date on Market: 11/21/2025

  • Last Updated:

  • Address: 1650 Highway 46, Wasco, CA 93280

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