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Lucky 291 McCray St 62,239 SF Retail Building Hollister, CA 95023 $18,785,596 ($301.83/SF) 6.20% Cap Rate
Investment Highlights
- This investment offering includes a ±62,239 SF single-tenant Lucky California grocery store on a ±5.56-acre parcel.
- The Tenant, Lucky, is operated by Save Mart Companies, which operates more than 200 stores across California, Nevada, Oregon, and Washington.
- Fee Simple Ownership with Depreciation Benefits
- Lucky is located in a dense commercial area surrounded by rooftops, shops, parks, and schools.
- Strong Parent Company – The Jim Pattison Group
- he lease commenced in December 2021 and runs through November 2036, with approximately eleven (11) years remaining
Executive Summary
Rare Single-Tenant Absolute NNN Grocery Asset
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
62,239 SF
Building Class
B
Year Built
1995
Price
$18,785,596
Price Per SF
$301.83
Cap Rate
6.20%
NOI
$1,164,707
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
5.56 AC
Zoning
AP
Parking
248 Spaces (3.98 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 054-350-033-000 | Improvements Assessment | $10,935,270 |
| Land Assessment | $5,412,160 | Total Assessment | $16,347,430 |
Property Taxes
Parcel Number
054-350-033-000
Land Assessment
$5,412,160
Improvements Assessment
$10,935,270
Total Assessment
$16,347,430
Contacts
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Bo Henderson -
Jack Webber -
Nick Solomon -
Vivian Tran -
CBRE, Inc.
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Lucky | 291 McCray St
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