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Grocery Outlet | Wasco, CA 1652 CA-46 16,000 SF 100% Leased Retail Building Wasco, CA 93280 $5,805,000 ($362.81/SF) 5.65% Cap Rate
Investment Highlights
- Corporate Grocery Outlet (NASDAQ: GO; S&P: 400): New 15-Year Lease With 10% Increases Every 5 Years
- Grocery Outlet Has 550+ Stores Across 16 States and $4.1 Billion in Annual Revenue
- Conveniently Accessible to Interstate 5 and State Highways 99, 46, 43, and 58
- Grocery Outlet Describes Itself as the Nation’s Fastest-Growing Extreme-Value Grocery Retailer, and Opened 67 Stores in 2024
- Only Grocery Outlet in a 22-Mile Radius
- Prime Weekend and Commuter Traffic Location Connecting to Paso Robles Along CA-46
Executive Summary
15-Year NNN Lease | Corporate Guaranty (NASDAQ: GO) | Only Grocery Outlet in a 22-Mile Radius
Property Facts
Sale Type
Investment
Property Type
Building Size
16,000 SF
Year Built
2023
Price
$5,805,000
Price Per SF
$362.81
Cap Rate
5.65%
NOI
$327,983
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
2.32 AC
Walk Score®
Very Walkable (72)
Nearby Major Retailers
1 of 5
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Grocery Outlet | Wasco, CA | 1652 CA-46
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