For Sale
$7,500,000

37505 State Highway 299 EBurney, CA 96013

10+ Year NNN Lease with 4-Five Year Option Periods

Overview

Added:
Jan 15
Days on market:
69

Highlights

  • 10+ Year NNN Lease with 4-Five Year Option Periods (Ideal for Out-of-Area Investor) Tenant Responsible for All Expenses Excluding Structure Portions of the Premises (Tenant Responsible for Roof Excluding Structural Portions) Grocery Outlet (Nasdaq: GO) has 529+ Independently Operated Stores in the U.S. with 18 New Stores Added in 2024 10% Rental Increases Every 5-Years (7.92% Average Cap Rate Over Life of Lease) High-Visibility Location Along State Highway 299/Main Street, a Major East/West California Thoroughfare Connecting Five Counties Only Grocery Outlet Location Within a One-Hour Drive of the Property

Property Details for 37505 State Highway 299 E

Property type
Other retail properties, Individual retail properties
Square Feet
20,000 SF
Price / Square Foot
$375
Class
B
Year Built
2020
Buildings
1
Stories
1
Total Parking Spaces
86
Elevators
N/A
Lot Size (sq. ft)
87,556 SF
Net Operating Income
$462,000

Location Insight

City
Burney
County
State
California

FAQs

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37505 State Highway 299 E
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