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Grocery Outlet | 8+yrs Remain Corp 980 S Main St 26,750 SF Retail Building Colville, WA 99114 $4,659,000 ($174.17/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

13-Year Extension | Options To Extend | Scheduled Increases | Corporate Guaranteed | Well Known & Established Brand
Strong Demographics In 5-Mile Trade Area | Colville National Forest

Excellent Visibility & Access | Nearby National/Credit Tenants |S. Main Street (12,500 VPD) | Direct Consumer Base

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed, Grocery Outlet investment property located in Colville, Washington. The tenant, Grocery Outlet, Inc., recently agreed to a brand new 13-year lease extension with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10.4% rental increase in year 8 of the extension and variable increases at the beginning of each option period, steadily growing NOI and hedging against inflation. Grocery Outlet is a high-growth, extreme value retailer of quality, with name-brand consumables and fresh products sold through a network of 480+ independently operated stores, 74 of which are located in Washington. The offering also includes an additional 4,174 square feet of vacant space.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

26,750 SF

Building Class

Year Built/Renovated

1980/2017

Price

$4,659,000

Price Per SF

$174.17

Cap Rate

6.50%

NOI

$302,854

Tenancy

Single

Building Height

1 Story

Building FAR

0.27

Lot Size

2.27 AC

Zoning

C-3 - General Commercial

Parking

91 Spaces (3.4 Spaces per 1,000 SF Leased)

Frontage

138’ on Main Street

Corner Lot

Dedicated Turn Lane

Signage

Retailer
99,999 SF
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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.