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Grocery Outlet | Fresno, CA 2820 Tulare St 15,000 SF Retail Building Fresno, CA 93721 $4,500,000 ($300/SF) 5.75% Cap Rate
Investment Highlights
- Single-Tenant NNN Corporate Grocery Outlet: Recent 10-Year Lease Extension; 8+ Years Remaining
- Rare NNN Grocery Outlet Lease With Landlord Only Responsible for Structure
- Corporate-Guaranteed Lease (NASDAQ: GO)
- Grocery Outlet Has Operated at the Location for Over 11 Years
- 10% Increases Every 5 Years; Next Increase in June 2029
- Grocery Outlet Has 550+ Stores Across 16 States and $4.1 Billion in Annual Revenue
Executive Summary
Recent 10-Year Lease Extension | Dense Demographics: 316,000 People in a 5-Mile Radius | Seasoned Location with 11+ Year Operating History
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
2009/2014
Price
$4,500,000
Price Per SF
$300
Cap Rate
5.75%
NOI
$258,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.81 AC
Opportunity Zone
Yes
Zoning
C4 - General Commercial
Frontage
Amenities
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 15,000 SF
- -
- Triple Net
- -
Grocery Outlet began in 1946 in San Francisco as a closeout-focused food business founded by Jim Read. Grocery Outlet operates through a network of independently operated stores built around opportunistic buying and local store operators. The company sells quality, name-brand consumables and fresh products across grocery, produce, refrigerated and frozen foods, beer and wine, fresh meat, and household basics, with continued expansion and store activity across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 15,000 SF | - | Triple Net | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 468-071-33 | Improvements Assessment | $2,132,998 |
| Land Assessment | $686,475 | Total Assessment | $2,819,473 |
Property Taxes
Parcel Number
468-071-33
Land Assessment
$686,475
Improvements Assessment
$2,132,998
Total Assessment
$2,819,473
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