Single-Tenant NNN Smart &
1700 High Street Delano, CA 93215
1700 High Street, Delano, CA, 93215
$5,325,000
For Sale
$5,325,000
Smart & Final supermarket is secured by a new 20-year corporate-guaranteed triple-net lease with recent full interior and exterior remodel.
Property Size33,200 SF
Price / SF$160.39
Days on Market48
Property Features for 1700 High Street
General Information
- Standard status
- Active
- Size
- 33,200 SF
- Property subtype
- SCR
Listing agency
KW Commercial | Beverly Hills
(310) 387-6900
Listed by
Gary Aminoff · License #00499674,CALIFORNIA
(310) 387-6900
Source
Realnex
Added: Jun 4 Updated: Jul 20 at 8:49PM Checked: Jul 21 at 3:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Beverly Hills
Investment Insights
Based on property information with market context.
KW Commercial presents for sale a high-performing, single-tenant Smart & Final Supermarket at 1700 High Street in Delano, California. The property is leased by Smart & Final Stores LLC on a corporate-guaranteed triple-net lease. Smart & Final purchased the property in October 2013 and, in 2014, signed a new 20-year NNN lease via a sale-leaseback structure. Prior to opening for business, the interior and exterior of the store were completely remodeled.
The supermarket has served the Delano community for over 40 years, previously operating as the Save Mart Supermarket. Smart & Final is the anchor tenant of Delano Village Shopping Center, and the center’s additional tenants include Starbucks, O’Reilly Auto Parts, Citizens Business Bank, and AT&T. Delano Village is located just off Highway 99, the major highway connecting Sacramento to Bakersfield.
Smart & Final’s performance ranks 11 out of 251 stores and is reported to be in the 96th percentile nationwide, per Placer.ai. The nearest Smart & Final locations are approximately 29 miles away in Porterville and about 37 miles away in Bakersfield.
The supermarket has served the Delano community for over 40 years, previously operating as the Save Mart Supermarket. Smart & Final is the anchor tenant of Delano Village Shopping Center, and the center’s additional tenants include Starbucks, O’Reilly Auto Parts, Citizens Business Bank, and AT&T. Delano Village is located just off Highway 99, the major highway connecting Sacramento to Bakersfield.
Smart & Final’s performance ranks 11 out of 251 stores and is reported to be in the 96th percentile nationwide, per Placer.ai. The nearest Smart & Final locations are approximately 29 miles away in Porterville and about 37 miles away in Bakersfield.
Key Highlights
- Single‑tenant Smart & Final Supermarket at 1700 High Street, Delano, CA.
- Smart & Final Stores LLC operates under a new 20‑year corporate‑guaranteed triple‑net (NNN) lease.
- Smart & Final purchased the property in October 2013; new 20‑year NNN lease signed in 2014 via sale‑leaseback.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $517.9k | $15.60 |
| − Vacancy | −$28.5k | −$0.86 |
| EGI | $489.4k | $14.74 |
| − OpEx | −$122.4k | −$3.69 |
| NOI | $367.1k | $11.06 |
33,200 SF · lease $15.60/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$5.24M
$4.59M – $6.12M
NOI $367,076 @ 7.0% cap · market cap 6.89%
Second Best
Retail
$4.69M
$4.10M – $5.47M
NOI $328,033 @ 7.0% cap · market cap 6.16%
Theoretical Best
Warehouse
$7.09M
$6.21M – $8.27M
NOI $496,473 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Primo Water Refill
Big Box & Wholesale Store
Smart & Final Extra!
Grocery & Convenience Store
Coinstar Kiosk | Bitcoin ...
Atm
Delano Village Shopping ...
Shopping Center & Mall
Coinstar Kiosk
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Guadalajara Meat Market — 11th Ave, Delano, CA 93215
FAQs
What type of property is this?
Grocery and convenience store - Smart & Final supermarket is secured by a new 20-year corporate-guaranteed triple-net lease with recent full interior and exterior remodel.
Where is this grocery and convenience store located?
The property is located at 1700 High Street Delano, CA.
What is the asking price?
The asking price for this property is $5,325,000.
What are key features of this property?
This property features: Single‑tenant Smart & Final Supermarket at 1700 High Street, Delano, CA.; Smart & Final Stores LLC operates under a new 20‑year corporate‑guaranteed triple‑net (NNN) lease.; Smart & Final purchased the property in October 2013; new 20‑year NNN lease signed in 2014 via sale‑leaseback.
