Single-Tenant Grocery Asset For
For Sale
Contact for pricing
291 MCCRAY ST, Hollister, CA 95023
Single-tenant grocery property with absolute NNN lease in Hollister, CA.
Property Size62,239 SF
Price / SF$301.83
Days on Market154
Property Features for 291 MCCRAY ST
General Information
Standard status
Active
Size
62,239 SF
Total Parking Spaces
248
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$1,164,707
Building Details
Units
1
Tenancy
Single
Listing Agency:
CBRE - South Bay
Listed By:
Bo Henderson · License #02148577
(310) 892-5644
Source:
Crexi
Added: May 11
Changed: Oct 11
Last Checked: Oct 11 at 3:16AM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This commercial real estate offering features a single-tenant grocery asset located in Hollister, California. The property, suitable for grocery and convenience stores as well as other retail purposes, has a size of 62239 square feet. The property is offered for sale under an absolute NNN lease agreement.
Key Highlights
- Single‑Tenant property, offering a straightforward investment opportunity.
- Absolute NNN Lease ensures minimal landlord responsibilities.
- Grocery Asset, a stable and essential business.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,681,168
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$33,623,360
$33.6M
Cap Rate 7%
$24,016,686
$24.0M
Cap Rate 9%
$18,679,644
$18.7M
Market Conditions
NOI Build-Up for 62,239 SF
Gross rent
$2.52M $40.44/SF
− Vacancy
−$115.3K −$1.85/SF
EGI
$2.40M $38.59/SF
− OpEx
−$720.5K −$11.58/SF
NOI
$1.68M $27.01/SF
Area
San Benito County, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$33,623,360
Cap Rate 7%
$24,016,686
Cap Rate 9%
$18,679,644
Alternative Uses
Best Use
Retail
$24.02M
$21.01M – $28.02M
NOI $1,681,168 @ 7.0% cap · market cap 8.95%
Second Best
Specialty Retail
$16.55M
$14.48M – $19.31M
NOI $1,158,392 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$37.57M
$32.88M – $43.84M
NOI $2,630,225 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,284
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95023, CA
56,973
Population
18,043
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
394.8 sq mi
ZIP Area
144
Density / Sq Mi
$108,156
Median Household Income
$47,362
Median Earnings
$1,908
Median Rent
$740,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Hollister Super #2 — 211 3rd St, Hollister, CA 95023
- Lucky — 291 McCray St, Hollister, CA 95023
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant grocery property with absolute NNN lease in Hollister, CA.
Where is this grocery and convenience store located?
The property is located at 291 MCCRAY ST Hollister, CA.
What is the asking price?
The asking price for this property is $18,785,596.
What are key features of this property?
This property features: Single‑Tenant property, offering a straightforward investment opportunity.; Absolute NNN Lease ensures minimal landlord responsibilities.; Grocery Asset, a stable and essential business.
