23072 Alicia Pky
Mission Viejo, CA 92692
Albertsons (Sale-Leaseback) @ Olympiad Plaza · Retail Property For Sale

Single-Tenant Albertsons: - New 20-year initial term sale-leaseback - Increases every 5 years (CPI with 10% max) - Excellent store sales with strong rent coverage - $2.45 million interior remodel in 2017 - Albertsons has successfully operated at this location since it was built in 1990 - Absolute NNN – no landlord responsibility - Albertsons Companies, Inc. corporate guaranty - Albertsons is one of the largest food and drug retailers in the United States, operating 2,277 stores across 34 states under 20 well-known banners No Traditional Grocer Competition within 2 Miles: Strong store sales due to no traditional grocer competition within 2 miles in any direction. The subject property is the only grocer on Alicia Parkway between the 5 Freeway and State Route 241 with high barriers and no available sites for new competition Daily Needs Anchor to Olympiad Plaza: Historically highly occupied shopping center with synergy from national credit tenants including Dollar Tree, GNC, Happy Nails, Subway, and The UPS Store Hard Corner, Signalized Intersection: Located at the intersection of Alicia Parkway and Olympiad Road Easily Accessible to Interstate 5 and State Route 241: Alicia Parkway acts as a major thoroughfare connecting Interstate 5 to State Route 241; two of the most significant north/south highways in Orange County Rare, Pride of Ownerships Opportunity to Purchase a Single Tenant Grocer in Orange County: Limited supply of Orange County real estate transactions on market provides a unique, once-in-a-lifetime opportunity to purchase a high-quality, single-tenant grocer.