Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37505 State Highway 299 E Burney, CA 96013

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,500,000

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

    Property size:
    20,000 SF
    Lot size:
    2.01 Acres
    Added:
    Jan 15, 2025
    Days on Market:
    457
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 37505 State Highway 299 E

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Other investment properties, Retail properties & Spaces, Investment properties
    Size
    20,000 SF
    Class
    B
    Total Parking Spaces
    86
    Elevators
    N/A
    Lot size
    2.01 Acres
    Net Operating Income
    $462,000

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Edward Nelson

    Listing agent Edward

    Listing office

    Listing date Jan 15, 2025

    Overview

    Grocery Outlet Investment Opportunity

    This 20,000 square foot retail building is located in Burney, California. The property is currently leased to Grocery Outlet, which is the only one within a one-hour radius. Situated on a 2.01-acre lot on State Highway 299 E, the property benefits from high visibility, with approximately 5,550 vehicles passing daily. Its location is near Burney Junior-Senior High School and Burney Elementary School, as well as Pit River Casino and major retailers such as McDonald's, Safeway, and Dollar General. The property is located within Burney's primary retail hub, benefiting from the town's continued population growth and its appeal as a tourist destination due to its proximity to Burney Falls. The current lease features a 10+ year term with four five-year option periods. The tenant is responsible for all expenses excluding structural portions of the building. The lease includes 10% rental increases every five years. The property's location on State Highway 299 is a high-traffic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burney
    County
    Shasta
    State
    California
    Longitude
    -121.658
    Latitude
    40.9066

    Nearby Similar for Sale

    • $299,000
      2,990 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring laundromat, apartment, and expansion possibilities.
      37146 Superior Avenue, Burney, CA 96013
      View Details
    • $330,000
      4,786 SF

      Mixed-Use Building on Corner Lot

      Freestanding mixed-use building with residential unit on a corner lot.
      37087 CA-299, Burney, CA 96013
      View Details
    • $990,000

      Remodeled 9-Unit Residential Property

      Fully remodeled 9-unit property in Burney, CA, near Safeway.
      20476 Marquette Street, Burney, CA 96013
      View Details
    • $325,000
      7,000 SF

      Burney Commercial Property For Sale

      Commercial property in Burney, California, formerly a lumber yard.
      37494 State Highway 299E, Burney, CA 96013
      View Details
    • $79,900
      780 SF

      Mountain Mobile Home Near Burney Falls

      Mobile home with fenced yard near Burney Falls.
      21638 Fairfield Street, Burney, CA 96013
      View Details
    • $350,000
      2,623 SF

      Freestanding Mixed-Use Corner Building

      Mixed-use building with retail, warehouse, and apartment spaces for rent.
      37087 CA-299, Burney, CA
      View Details

    FAQs

    What type of property is this?
    Other retail property - 10+ Year NNN Lease with 4-Five Year Option Periods
    Where is this other retail property located?
    The property is located at 37505 State Highway 299 E Burney, CA.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 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
    (916) 724-1326
    We can help!
    Listing Contact
    Edward Nelson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!